Domestic airlines suffer Rs 2445 crore losses in 2007-08: Govt
Government today said leading airlines in the country had suffered losses amounting to nearly Rs 2,445 crore during the 2007-08 fiscal.india Updated: Jul 30, 2009 21:43 IST
Government today said leading airlines in the country had suffered losses amounting to nearly Rs 2,445 crore during the 2007-08 fiscal.
"The leading airlines registered losses of Rs 2,444.84 crore last year," Civil Aviation Minister Praful Patel said in a written reply to a Lok Sabha question.
The Minister added that Paramount Airways was the only airline which made profits during this period.
Kingfisher Red topped the list of loss-makers at Rs 798.35 crore.
While giving the data for the last three years, Patel said for the first time in the last three years, Jet Airways
suffered losses to the tune of Rs 253.06 crore this year.
The Minister said the leading airlines together suffered losses amounting to Rs 2,938.25 crore in 2005-06 and 2006-07.
Replying to another query, Patel said the government has given no objection certificates to three airline companies --Star Aviation, Jagson Airlines and ZAV Airways -- for operating scheduled regional transport air services.
In reply to another query, he said guidelines have been issued to domestic airlines for adopting effective training
programmes for their Indian pilots to replace foreign pilots.