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Admin Reporter- Ajay

Jul 05 2018


Air India To Get Rs 534 Crore To Fly VVIP Planes

Delhi,05,July,2018

New Delhi: While delivering Relief To Air India, A Public Sector Airline, Passing Through A Financial Crisis, The Government Has Approved The Increase In The Operating And Maintenance Cost Of VVIP Aircraft By Rs 200 Crore. Air India Conducts Special Flights For President, Vice President And Prime Minister. Boeing B747-400 Such VVIP Planes Are Used In These Flights.

 

 

This Proposal Was Approved In The Meeting Of The Cabinet Committee On Economic Affairs (CCEA) Headed By Prime Minister Narendra Modi. This Will Give Some Relief To The Aviation Company Facing Financial Crisis.

 

 

According To An Official Release Issued In This Regard, "CCEA Has Increased The Expenditure On The Expenditure Of Special Extra Section Fleets From Rs 336.24 Crore For The Year 2016-17 To Rs 534.38 Crore.Tax Will Be Paid In Addition To This. "

 

 

The CCEA Had Fixed The Annual Cost Of Rs 336.24 Crore For The Maintenance Of The Aircraft In 2011. The Statement Said That The Increase In The Cost-of-cost Cost Index, The Cost Of Maintenance Of These Aircraft Has Increased Significantly Due To The Fall In The Exchange Rate Of Rupees And The Cost Of Various Equipments In Comparison To The US Dollar.

 

 

The Expenses Of Flights Of These Aircraft Are Raised By The Respective Ministries And Air India Is Paid. This Decision Of The Government Has Been Postponed After The Disinvestment Of Air India Has Been Postponed.

 

 

In The Initial Period Of Air India Disinvestment, The Government Did Not Receive Any Bid After Which The Disinvestment Process Has Been Stopped. Air India Is Losing About Rs 15 Crore Daily. At The End Of March 2017, Air India Had A Debt Burden Of Rs 48,877 Crore.

 

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