Huge loans, 95 AI flights do not meet costs

National carrier Air India (AI) has a loan of over Rs.47,000 crore and 95 of its daily flights do not even meet cash cost of operations, aviation ministry informed Parliament on Tuesday. HT reports.

National carrier Air India (AI) has a loan of over Rs.47,000 crore and 95 of its daily flights do not even meet cash cost of operations, aviation ministry informed Parliament on Tuesday.

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In reply to a question in the Rajya Sabha, KC Venugopal, minister of state for civil aviation, said, during the April-October period, 95 flights on AI’s network did not meet cash cost, 82 flight services were meeting cash cost but not the total cost while only 12 services were meeting the total cost.

As on July 31, the loans taken by Air India amounted to Rs.47,226 crore.