04-May-2012 8:23 AM
India Ministry of Civil Aviation: Loss incurred by Airlines
Direct News Source
03-May-2012 Shri Ajit Singh, the Minister of Civil Aviation informed Rajya Sabha today in a written reply that based on returns filed by airlines with Directorate General of Civil Aviation (DGCA), all scheduled airlines operating in the country except IndoGo are incurring losses. The total operational losses for all the airlines for the period 2008-09, 2009-10 and 2010-11 are Rs 19,000 crore approx. and Rs 10,000 crore loss is anticipated in 2011-12.
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