Lok Sabha Question No. 1085 (UNSTARRED), answered on 2019-06-27
Subject: Debt of Air India
Ministry: CIVIL AVIATION
Asked by: Manish Tewari

## GOVERNMENT OF INDIA MINISTRY OF CIVIL AVIATION LOK SABHA

UNSTARRED QUESTION NO. : 1085 (To be answered on the June 2019) 27th

## DEBT OF AIR INDIA

## 1085. SHRI MANISH TIWARI

## Will the Minister of CIVIL AVIATION

OTTTT

- (3) the Government's policy towards Air India;
2. irhether the Government proposes to make Air India financially viable again;
3. (b) the total debt of Air India as on 3ist of March, 2019;
4. (d) if so, the steps taken especially the infusion done by
5. (e) the number of business verticals past three years, year-wise; and and loss of each Air India have and the details of the profit vertical separately over the past three years?

## ANSWER

## Minister of State (IC) in the Ministry of CIVIL AVIATION

(Shri Hardeep Singh Puri)

- (adThe Government remains committed to the disinvestment and its subsidiaries. of Air India Ltd.
- (b) As per the provisional figures of FY 2018-19, the total debt Ltd as o 3st March 2019 is Rs.58,351.93 of Air India crore.
- a the operational efficiencies so that substantial focuses on can be achieved: The Revival increase in revenue or cost elements including: Plan, inter-alia, comprises several major saving
- ( Heghentieveke%f operational efficiency by strengthening implementing best practice business management and processes
- (iii) Differentiated business strategies for each Air India'$ core businesses
- (ii) Robust organizational and governance reforms to be eminent Board implemented by an

be pleased to state:-

- (iv) World-class HR practices to ensure and a talented and motivated workforce
- real estate subsidiaries such as Air Indiate isSers and strategic disinvestment of
- (v) Sale of non-core

The details of the funds infused into Air last 3 years are as under India by the Government the during

| Year    |   Amount (Rs in Crore) |
|---------|------------------------|
| 2016-17 |                2465.21 |
| 2017-18 |                1800    |
| 2018-19 |                3975    |

- (e) Air India Ltd provides domestic which includes and iaternational air transport services, services. In and cargo services and other related Joint Venture (JV) with also has five are verticals primariiy related to the airlines companies and JV are as follows: mainly

services to the

- i. Air India Ltd regional connectivity to remote smaller aircrafts to Tier II & III of Alliance Air" and operating iii. Air India cities) Express Asia)

iv. Air India Air

Air India

& several other airlines)

Repair

- services V business to airlines) operating hotels and air catering
- vi. Air India Singapore Air 50:50 JV of Air India Ltd Bangalore, ground services in 5 major airports in The Net profiti(Losses Mangalore and Trivandrum) for the past five years is Ltd and its subsidiaries and JV given in Annexure company handling Delhi,

The Net Profit/(Losses) of Air India Ltd and its subsidiaries and JV company for the past three years

(Rs: in Crore)

| Year      | Air India   | Airline Allied Services Ltd.   |   Air India Air Transport Services Ltd: | Hotel Corporation of India   | Air India Engineering Service Ltd:   |   Air India Express |   Air India- Singapore Air Transport Services |
|-----------|-------------|--------------------------------|-----------------------------------------|------------------------------|--------------------------------------|---------------------|-----------------------------------------------|
| 2017 - 18 | (5348.18)   | (263.76)                       |                                   62.9  | (55.30)                      | (444.43)                             |              262.05 |                                          52.2 |
| 2016- 17  | (6452.89)   | (286.71)                       |                                   15.05 | (61.77)                      | (517.89)                             |              235.42 |                                          69.2 |
| 2015- 16  | (3836.78)   | (198.75)                       |                                  101.4  | (57.80)                      | (558.62)                             |              361.68 |                                          54.7 |