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Wednesday, 03 January, 2018, 12 : 00 PM [IST]

Air India’s projected net loss for 2017-18 less than 2016-17

Air India's projected net loss for 2017-18 is estimated at over INR 3,500 crore, which was less than the provisional figure for 2016-17, Government said in Rajya Sabha on Tuesday. Ashok Gajapathi Raju, Minister for Civil Aviation, Government of India said in a written reply that the projected net loss of Air India in the budget estimates for 2017-18 (provisional) stood at INR 3,579 crore as against INR 3,643 crore (provisional) for the year 2016-17.

During Question Hour, he said the cabinet committee on economic affairs has only given an "in principle approval" for strategic disinvestment of Air India and a committee of specific alternative mechanism has been constituted which has sought suggestions in this regard.

Source: PTI
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