Business Standard
Wednesday, Feb 15, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

BJP seeks probe in AI's aircraft purchase programme
Press Trust of India / Mumbai Jul 01, 2009, 12:01 IST

Demanding an inquiry into the purchase of 111 new aircraft by national carrier Air India, the Bharatiya Janata Party (BJP) has said the proposal was the root cause of the airline's financial woes.        

BJP leader Kirit Somaiya today met the Comptroller and Auditor General of India, Central Vigilance Commissioner, Leader of Opposition in Rajya Sabha Arun Jaitley and Deputy Leader of Opposition in Lok Sabha Sushma Swaraj and expressed concern over the matter.        

Somaiya requested protection of the interests of Air India employees and re-evaluation of the Rs 55,000-crore aircraft purchase order.        

"The real reason behind the present financial crisis (of AI) is the interest burden, repayment and overhead expenses," Somaiya said in a statement issued here.        

BJP held the Civil Aviation Ministry and the UPA Government responsible for the financial turmoil the state-run airline was going through.        

"It is shocking that, without accepting the fact, status of the passenger load, financial/economic viability, interest and repayment burden, Air India/Ministry pushed hard for the purchase of around 111 aircraft at the cost of Rs 55,000 crore," the Opposition party added.

Somaiya said while private carriers Jet Airways and Kingfisher Airlines have reduced aircraft purchases or deferred deliveries, Air India went for more plane buy orders.        

The proposal of going for 20-25 aircraft for Rs 25,000 crore resulted in the order of 111 aircraft, of which 49 have already arrived, the former MP added.        

"In this week, three more aircraft are going to be included in the fleet of Air India. We demand that Ministry of Civil Aviation should reconsider buying these new aircraft. The whole burden of Rs 55,000 crore plus the interest (total Rs 67,000 crore) is on the common man," Somaiya said.        

Air India has been facing rough weather lately on the financial front and has been told by Civil Aviation Minister Praful Patel to set its house in order.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end higher led by rate sensitives
- New rules to seize property of corrupt babus
- BSES gets Rs 5,000-cr IDBI Bank loan to pay dues
- Reliance MediaWorks Q3 net loss at Rs 151 cr
- Investor wealth grows by Rs 10 lakh cr in 2012 rally
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- BSE Q3 net dips 23% on market making spends
- Shyam Saran: Changing climates of governance
- Subir Roy: Creating affordable urban capacity
- M J Antony: Reluctant respondents
- Pvt carriers free to fly into Air India territory
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us