Thursday, February 20, 2014

Air India, JetLite and SpiceJet suffers operating losses in 2012-13

New Delhi: Air India, JetLite and SpiceJet suffered operating losses of Rs 3,159.6 crore, Rs 246.8 crore and Rs 279.8 crore respectively in 2012-13, Lok Sabha was informed.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore, Rs 795.8 crore and Rs 85.1 crore respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
In reply to another question, he said the US Federal Aviation Administration (FAA) had downgraded India's safety ratings "primarily due to" insufficient number of regular Flight Operation Inspectors ( FOIs) in DGCA, resulting in its "inability to have effective safety oversight" of airline operators.
20/02/14 PTI/Economic Times
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