No bailout package under consideration for private airlines: Govt

New Delhi: Government on Thursday said no proposal for any kind of bail out package for loss making private airlines was under its consideration.
"No such proposal is under consideration of the ministry," civil aviation minister Vyalar Ravi said in reply to a question in the Rajya Sabha.
He was asked whether government has any plans to announce any bail out package for loss making private airlines companies.
Replying to another question, Ravi said that several of leading airlines in the country were suffering losses.
In 2009-10, Kingfisher Airlines had accrued a loss of Rs 1239.3 crore while Jet Airways had suffered a loss of Rs 467.6 crore. Air India's loss was Rs 5552.44 crore during this period.
Private carrier Indigo, however, managed a profit of Rs 484.7 crores while Spicejet also made an earning of Rs 67 crore, as per details shared by the aviation minister.
01/12/11 PTI/Times of India

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Categories: Indian Aviation- In General Dec 2011