The Indian government will significantly increase the compensation it pays to Air India (AI, Mumbai Int'l) for the maintenance of B747-400s used as VIP transports for the President, the Prime Minister, and other high ranking politicians.
The flag carrier currently receives INR3.36 billion rupees (USD48.33 million) per fiscal year to maintain the Boeing quadjets. The amount has been kept unchanged since 2011, despite the constant growth in the costs of the maintenance of the ageing aircraft.
Minister of State for Civil Aviation Jayant Sinha said in the Lok Sabha, the Indian Parliament, that as of the current fiscal year, the compensation will be raised to INR5.34 billion rupees (USD76.78 million) plus applicable taxes. The amount will also be raised by 10% every fiscal year to account for growing expenditures.
14/08/18 ch-aviation
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The flag carrier currently receives INR3.36 billion rupees (USD48.33 million) per fiscal year to maintain the Boeing quadjets. The amount has been kept unchanged since 2011, despite the constant growth in the costs of the maintenance of the ageing aircraft.
Minister of State for Civil Aviation Jayant Sinha said in the Lok Sabha, the Indian Parliament, that as of the current fiscal year, the compensation will be raised to INR5.34 billion rupees (USD76.78 million) plus applicable taxes. The amount will also be raised by 10% every fiscal year to account for growing expenditures.
14/08/18 ch-aviation
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