Government owes Rs 150 cr to Air India

New Delhi: Various ministries and government agencies owe close to Rs 150 crore to cash-strapped airline Air India, the government said on Wednesday.
Replying to a question in the Lok Sabha, Civil Aviation Minister Vyalar Ravi said that as on March 31, 2011, the outstanding amount due from various ministries and agencies to Air India stood at Rs 146.12 crore.
The External Affairs Ministry owes Rs 25.98 crore, the Defence Ministry owes Rs 32.07 crore and the Home Ministry owes Rs 28.35 crore, among others, to the state-run carrier.
"The delay in payment was due to the non-availability of sufficient amounts in the Budget of those Ministries and other procedural delays in the processing of these bills," Ravi said.
07/09/11 PTI/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Air India Sep 2011