Lok Sabha Question No. 413 (UNSTARRED), answered on 2016-02-25
Subject: Turnaround Action Plan for Air India
Ministry: CIVIL AVIATION
Asked by: RODMAL NAGAR

## GOVERNMENT OF INDIA MINISTRY OF CIVIL AVIATION LOK SABHA UNSTARRED QUESTION NO. : 413

(To be answered on the February 2016) 25th

## TURNAROUND ACTION PLAN FOR AIR INDIA

## 413. SHRI NAGAR RODMAL

## Will the Minister of CIVIL AVIATION

be pleased to state: -

- (a) whether the Government has set up an oversight committee to monitor the progress of Air India in respect of achievements of the milestone set by the Government for release of equity under turnaround plan;
- (b) if the details thereof; SO,
- (c) whether the committee has reviewed the performance of Air India; and
- (d) if s0, the details and the outcome thereof with the achievements of Air India during the last three years and the current year, year-wise? along

## ANSWER

Minister of State in the Ministry of CIVIL AVIATION

(Dr Mahesh Sharma)

(a) (b) : Madam. The Turn Around Plan (TAP) Financial Restructuring Plan (FRP) approved by Cabinet Committee of Economic Affairs (CCEA) for Air India (AI) provided that equity would be infused by the Government subject to achievement of certain laid down milestones In compliance with TAP/ FRP, an Oversight Committee has been set Up under the Chairmanship 0f Secretary, Ministry of Civil Aviation with Expenditure Secretary: Financial Adviser , Ministry of Civil Aviation; Joint Secretary 0f Ministry 0f Civil Aviation and SBI as members, to monitor the Operational and Financial Performance of Air India visavis the milestones set under TAP/ FRP. Yes, Caps

(c) & (d) : Meetings of the Oversight Committee are held regularly to monitor the performance of AT: So thirteen   meetings of Oversight Committee have been held. The details of the performance of Al during the last three years and the currents year are attached as Annexure. far,

## Financial performancel Physical performance from FY 2012-13 to 2015-16 (Rupees in Crores)

|         |                                     |           | 2013-14   | 2014-15   | 2015-16   |
|---------|-------------------------------------|-----------|-----------|-----------|-----------|
| Sr. No. | Head                                | Actual    | Actual    | (Actual)  | (BE)      |
| 1       | Operating Revenue_                  | 16027.84  | 18370.96  | 19801.71  | 21066.00  |
| 2       | Operating Expenses                  | 19834.99  | 22348.85  | 22437.90  | 21059.80  |
| 3       | Operating Profitl(Loss              | (3807.15) | (3977.89) |           | 6.20      |
| 4       | Total Revenue                       | 18213.79  | 20140.59  | 20606.27  | 21570.00  |
| 5       | Total Expenses_                     | 23703.95  | 26420.19  | 26466.18  | 25099.80  |
| 6       | Net Profitl (Loss) after Tax        | (5490.16) | (6279.60) | (5859.91) | (3529.80) |
| 7       | EBIDTA                              | 191.67    | 256.21    | 337.77    | 2300.20   |
| 8       | Passenger_Revenue                   | 12494.44  | 14150.73  | 15793.36  | 17017.00  |
| 9       | Freight Revenue                     | 854.90    | 1065.91   | 1155.03   | 1700.00   |
| 10      | Staff Cost                          | 3254.73   | 3152.19   | 2466.64   | 2470.30   |
| 11      | ATF Expenses_                       | 8362.96   | 9440.71   | 8449.14   | 7720.00   |
| 12      | Passenger Load Factor %             | 72.4      | 73.3      | 73.7      | 74.3      |
| 13      | No_ of Revenue Passengers_ Million) | 14.10     | 15.43     | 16.88     |           |
| 14      | Yield Per RPKM (Rs:)                | 4.33      | 4.25      | 4.39      | 4.39      |