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

Posted : 04 January 2018 02:34:12 | By TWO Bureau | Two Bureau

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.

 

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Tags : #Air, # India, # projected, # net, # loss, # 2017/18, # less, # than,


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