Civil Aviation Minister Jyotiraditya Scindia said, from the year 2007-08 to 2020-21, Air India was incurring a loss of Rs 3,000 to 7,500 crore every year, which was a total of Rs 85,000 crore.
Civil Aviation Minister (Civil Aviation MinisterJyotiraditya Scindia said that Air India ,Air India) was incurring a daily loss of about Rs 20 crore, on which public hard-earned money was being spent, so after its disinvestment, that money can now be used for social development works. Replying to the ‘Discussion on Demands for Grants for the year 2022-23 under the control of the Ministry of Civil Aviation’ in the Lok Sabha, Scindia said that Air India started with the private sector, then it was nationalized and it was run successfully for many years. . He said that considering the situation of Air India today, it has to be understood that why this situation has arisen?
The Civil Aviation Minister said that in the year 2005-06, when Air India was a profitable company of only about Rs 14 crore, at that time Air India had signed an agreement to buy a total of 111 aircraft. Taking a veiled attack on the opposition, he said that now the question arises that what was the reason for this? What are the reasons for this, I cannot say anything on that.
Scindia said that then 111 aircraft are bought with a loan of Rs 55,000 crore and later 15 aircraft are sold in 2013-14. Apart from this, two completely different cultures Air India and Indian Airlines are merged and since then both the profit making companies started living in loss, he said.
Air India was incurring a loss of Rs 7500 crore every year
The minister said that from the year 2007-08 to 2020-21, Air India was incurring a loss of Rs 3,000 to 7,500 crore every year, which together amounted to Rs 85,000 crore. He said that in this way Air India got into huge debt with a loss of Rs 85,000 crore in 14 years.
Money will be spent on public welfare by closing the deficit
Scindia said that Prime Minister Narendra Modi has resolved that this deficit will have to be closed and disinvestment will have to be done so that the money of the country and its people is saved and the citizens of the country will be provided with schemes like Ujjwala, Jal Jeevan Mission. To be benefited through
He said that Air India was incurring a loss of around Rs 20 crore a day and after disinvestment, that money can now be used for social development.
Responding to a question about the future of Air India employees, he said that our shareholder agreement mentions in detail and the first condition is that no employee will be fired for one year. Scindia said that even if an employee has to be removed after one year, then it can be removed only under the Voluntary Retirement Scheme (VRS).
Tata Group acquires Air India
He said that government medical facilities would continue to be given to the retired employees as before. Let us tell you that the Tata Group has got the ownership of the public sector company Air India.