Budget: Lion's share for Air India, Indian

New Delhi: The Union budget for 2007-08 has proposed a hefty increase in allocation for state-owned Indian and Air India and public sector undertakings such as the Airports Authority of India, Pawan Hans Helicopters and Air India Charters Limited.
The total allocation for all public sector enterprises under the Civil Aviation Ministry is proposed to be increased from Rs. 2,256.36 crore to Rs. 12,192.09 crore with the lion's share earmarked for Indian, Air India and its low-cost subsidiary Air India Charters limited.
While the allocation for Air India rose from the 2006-07 revised estimates of Rs. 490.84 crore to Rs. 6,337.01 crore, the allocation for Indian went up from Rs. 350 crore to Rs. 2,507.70 crore and that of Air India Charters took a jump of more than 10 times from Rs. 70.70 crore to 1,124.47 crore. Air India Charters operates the low-fare carrier Air India Express which operates flights to the Gulf region.
The outlay for Pawan Hans Helicopters Limited was proposed to be raised from Rs. 180 crore to Rs. 246.5 crore, while that of AAI from Rs. 1,149.82 crore to Rs. 1,961.41 crore.
01/03/07 The Hindu

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Categories: Air India Mar 2007, General Aviation Mar 2007, indian mar 2007