Equity Fund Infusion Into AI

GOVERNMENT OF INDIA

MINISTRY OF  CIVIL AVIATION

RAJYA SABHA

QUESTION NO  1102

ANSWERED ON  01.12.2011

Will the Minister of CIVIL AVIATION be pleased to satate :-
(a) whether Government is considering for equity fund infusion into Air India (AI);

(b) if so, the details thereof and reasons therefor;

(c) the details of equity fund injected during the last three years into Air India;

(d) the financial performance details of Air India for the last three years; and

(e) the intended measures to improve the performance of AI?
   
ANSWER
     
THE MINISTER OF OVERSEAS INDIAN AFFAIRS & MINISTER OF CIVIL AVIAITON (SHRI VAYALAR RAVI)

(a) and (b): Government has constituted a Group of Ministers(GoM) to reveiw/monitor the financial and oparational performance of Air India. On the directions of GoM, Air India had prepared its Turn Around Plan (TAP) and Financial Restructuring Plan (FRP), which have been examined by a Group of Officers (GoO). The recommendations of GoO have been referred by GoM for RBI’s views and regulatory forbearance on FRP.

(c): Government has infused Rs. 800 crore in the FY 2009-10, Rs. 1200 crore in FY 2010-11 and Rs.1200 crore for the FY 2011-12 as equity in Air India.

(d): Air India incurred a loss of Rs.5548.26 crore during 2008-09, Rs.5552.55 crore during 2009-10 and the estimated loss for 2010-11 is Rs.6994 crore.

(e): In order to improve its operating and financial performance, Air India has taken various steps such as Rationalization of routes to cut losses, induction of new aircraft on international routes to increase passenger appeal, phasing out of old fleet and consequential reduction in maintenance cost, return of leased aircraft at the end of their tenure or prematurely, enhanced utilizationof the new fleet resulting in production of higher ASKMs, Grounding of ageing fleet including B747-400 which would be used only for certain lines of operations and for operating VVIP flights,Increase in passenger/cargo revenue, excess baggage revenue through aggressive sales & marketing efforts including for attracting government traffic and upgradation of IT Infrastructure and solutions.

Twitter Link To This Post
Facebook Link To This Post

YS Chowdary Facebook
YS Chowdary Twitter
YS Chowdary Blog
YS Chowdary Wikipedia

Financial Crunch In Air India

GOVERNMENT OF INDIA

MINISTRY OF  CIVIL AVIATION

QUESTION NO  1277

ANSWERED ON  11.08.2011

Will the Minister of CIVIL AVIATION be pleased to satate :-
(a) whether Air India is facing financial crunch for the last two/three years.
(b) if so, the details thereof;
(c)whether Government/Management of Air India have taken any steps to improve the financial performance of the Company;
(d):whether the Government has sanctioned Rs.250 crore as advance infusion; and
(e) steps taken/being taken by Government to improve the financial performance of Air India?
  

ANSWER

      
MINISTER OF OVERSEAS INDIAN AFFAIRS & MINISTER OF CIVIL AVIATION
( SHRI VAYALAR RAVI )
(a) and (b): Yes, Sir. Air India incurred a loss of Rs.2226.16 crore during 2007-08, of Rs.5548.26 crore during 2008-09, of Rs.5552.55 crore during 2009-10 and the estimated loss for 2010-11 is Rs.6994 crore.
(c) and (e): In order to improve its financial performance, Air India has taken various steps such as Rationalization of routes to cut losses, return of leased capacity, reduction of contractual employment, review of all agreement between management and staff on all technical and operational matters and constitution of Turn Around Committee (which includes representatives from senior management and unions) to look at all areas of reduction.
(d): Pending payment of outstanding dues for VVIP operations, Government has paid an amount of Rs.500 crore on ad-hoc basis from the equity provision of Rs.1200 crore to Air India.

Twitter Link To This Post
Facebook Link To This Post

YS Chowdary Facebook
YS Chowdary Twitter
YS Chowdary Blog
YS Chowdary Wikipedia

Noise Pollution Near Airports

MINISTRY OF CIVIL AVIATION 

UNSTARRED

QUESTION NO . 798 

ANSWERED ON 16.11.2010

Will the Minister of CIVIL AVIATION be pleased to state :-  

(a) whether Government has received any complaints of noise pollution from the people living near the airports across the country in the last three years;

(b) if so, the details of present noise levels and permissible noise levels during the day and night time; and

(c) the steps being taken by Government to keep the noise levels within the permissible limit?

ANSWER
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF CIVIL AVIATION 

( SHRI PRAFUL PATEL ) 

(a), (b) & (c): Yes, Sir. There have been complaints regarding noise pollution around IGI Airport. Regulations regarding permissible noise levels in the vicinity of airports is to be developed after noise study by the Centeral Pollution Control Board (CPCB), which is a regulatory body in this regard. However, the following measures have been taken to mitigate noise around airports:

1. Night operation of noisy Chapter 2 aircrafts at IGI airport has been banned.
2. Restrictions on ground use of aircraft engines and auxiliary power units.
3. Adoption of mixed mode operation for noise distribution at IGI airport.
4. Continuous noise monitoring in the vicinity of IGI airport.

Twitter Link To This Post
Facebook Link To This Post
 

YS Chowdary Facebook
YS Chowdary Twitter
YS Chowdary Blog
YS Chowdary Wikipedia