BRPSE to again take up Air India losses assessment issue

New Delhi: Taking on the civil aviation ministry over the financial health of Air India, the Board for Reconstruction of Public Sector Enterprises (BRPSE) will again press for assessing balance sheet of the state-owned carrier and declare it sick if need be.
The civil aviation ministry has already rejected an earlier proposal from the Board for Reconstruction of Public Sector Enterprises, an advisory body that suggest measures for strengthening and reviving public sector companies, to check the balance sheet of cash-strapped National Aviation Company of India Ltd (Nacil), which runs Air India.
Notwithstanding the response from the ministry, BRPSE chairman Nitish Sengupta confirmed to PTI that the matter is being taken up on the meeting of BRPSE board scheduled to be held on 4 February, without specifying details.
The civil aviation ministry had rejected a proposal from BRPSE to study the balance sheet of cash-strapped Nacil saying the matter is pending before a group of ministers (GoM).
“We don’t have any comments to make on this issue. We are currently working closely with the group of ministers, headed by finance minister Pranab Mukherjee, on a revival plan for the national carrier,” civil aviation secretary M Madhavan Nambiar told PTI.
24/01/10 PTI/Live Mint

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Categories: NACIL Jan 2010