Air India's outstanding debt stood at a whopping Rs 26,033 crore and its working capital loans were over Rs 21,125 crore as on December 31 last year.
The airline incurred an estimated loss of Rs 3989.58 crore for 2013-14, which was lower than Rs 5490.16 crore in 2012-13, Rs 7559.74 crore in 2011-12 and Rs 6865.17 crore in 2010-11, Civil Aviation Minister Ajit Singh told the Lok Sabha today.
The national carrier earned a total revenue of Rs 20,259.24 crore and incurred total expenses of Rs 24248.82 crore in 2013-14, he said.
Minister of State K C Venugopal said the equity support received by Air India till January 31 was Rs 12,200 crore, part of Rs 30,231 crore infusion promised by the government till 2021.
06/02/14 PTI/Business Standard
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The airline incurred an estimated loss of Rs 3989.58 crore for 2013-14, which was lower than Rs 5490.16 crore in 2012-13, Rs 7559.74 crore in 2011-12 and Rs 6865.17 crore in 2010-11, Civil Aviation Minister Ajit Singh told the Lok Sabha today.
The national carrier earned a total revenue of Rs 20,259.24 crore and incurred total expenses of Rs 24248.82 crore in 2013-14, he said.
Minister of State K C Venugopal said the equity support received by Air India till January 31 was Rs 12,200 crore, part of Rs 30,231 crore infusion promised by the government till 2021.
06/02/14 PTI/Business Standard
