Lok Sabha Question No. 889 (UNSTARRED), answered on 2015-12-03
Subject: Air India Financial Restructuring and Turnaround Plan
Ministry: CIVIL AVIATION
Asked by: HARISH CHANDRA MEENA, RITI PATHAK

(To be answered on the 3rd

## GOVERNMENT OF INDIA MINISTRY OF CIVIL AVIATION LOK SABHA UNSTARFED QUESTION NO: 889 December 2015)

## AIR INDIA FINANCIAL RESTRUCTURING AND TURNAROUND PLAN

889\_

SHRI HARISH MEENA SHRIMATI RITI PATHAK

Will the Minister of CIVIL AVIATION

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be to state: pleased

- (2) whether the Cabinet Committee on Economic Affairs (CCEA) had granted 30000 crore in 2012 to baii out Air India Under financial restructuring Plan (FRP) and turnaround plan (TAP);
2. (b) if the details thereof and the funds used till date; .
- (0) the number of crew members and other staff recruited in Air India during the last three years;
4. (d) the details of the contract staff and permanent staff recruited during the said period; and
5. (e) the current status for the purchase %f proposed 27 new Boeing 787 Dreamliners for induction in in Air India sanctioned for 2012-20202

## ANSWER

Minister of State in the Ministry of CIVIL AVIATION

(Dr Mahesh Sharma)

(a) and (b): Yes, Madam\_ The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 12.04.2012, approved & Turnaround Plar (CAP) Financial Restructuring\_Plan (FRP) for operational and financial turnaround of Air India\_ The TAPIFRP provides equity infusion %f %f Rs.30231 crores 2021 subject to achievement of certain milestones as laid upto

() Equity for Cash deficit support of Rs 4 552 crore till FY 2017-18

(i) Equity for guaranteed aircraft loan tili FY 2021 Of Rs.18,929 crores

:

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.

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For GOI guaranteed Non-Convertible Debentures(NCDs) an amount of Rs 11,951 crores towards interest and Rs 7400 crores towards principal Equity of Rs.21,937crores equity has been released till 3Oth November, 2015 to Air India under TAP/ FRP\_

- (c) and (d): Air India has recruited following regular/contractual staff during the last three years:
- (ii) The details of staff recruited on contract basis are as Annexure
- (i) 24 Assistants have been regularized at Guwahati by verdict of Supreme Court in the year 2013-14 and 3 Doctors have been appointed on permanent basis in the year 2014-15.

The Pilots and Cabin Crew have been appointed on Fixed Term contract for & period of 5 years which is extendable by another 5 years subject to certain conditions. ` ` .

(e): AI has ordered 27 new B-787 Dreamliner aircraft, out of which 21 aircraft have been inducted in the fleet:

:

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## Details of slaff recruited on contract

| Post                | 2012-13   | 2013-14   | 2014-15   | 2015-16 (till November)   |
|---------------------|-----------|-----------|-----------|---------------------------|
| Pilots              |           |           | 01        | 78                        |
| Cabin Crew          |           |           | 207       | 334                       |
| Pharmacist          | 3         | 4         |           | 12                        |
| RT Operator         | 4         | 12        | 2         | 3                         |
| Doctors             | 13        | 8         | 5         | 16                        |
| Data Entry Operator |           |           | 6         |                           |
| Clerks of work      |           |           |           | 3                         |

## ANNEXURE