Rs 4,675 cr hike for aviation

New Delhi: The loss-making national carrier, Air India, received much-needed financial support from the government today when the allocation for its holding company, NACIL, was substantially increased by about Rs 4,029 crore in the interim Budget.
Out of the total allocation of Rs 12,164.76 crore for the civil aviation ministry, Rs 8,165.64 have been earmarked for the National Aviation Company of India Limited (NACIL) as compared to the revised estimate of Rs 4,136.89 crore in 2008-09. In all, the ministry received a hike of almost Rs 4,675 crore.
However, the amounts earmarked for state-owned firms like Pawan Hans Helicopters Limited (PHHL), Hotel Corporation of India (HCI) and Air India Charters Limited (AICL) showed a decline in comparison with the budgetary allocations made last year.
A provision of Rs 10 crore has been made for PHHL for a heliport in the national capital region (NCR) in order to facilitate the 2010 Commonwealth Games and also to provide disaster management measures.
16/02/09 The Statesman

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Categories: Indian Aviation- In General Feb 2009, NACIL Feb 2009