The Comptroller and Auditor General has asked the Government and Air India Limited (AIL) to make more efforts to recover the money spent on VVIP chartered flights.
In its latest report, released in March this year, CAG noted that that the total unpaid dues as on March 31, 2016, stood at Rs 513.27 crore. Of this, Rs 472.09 crore were spent on the operation of VVIP flights and Rs 41.18 crore for the External Affairs Ministry.
"AIL earmarked three B747-400 aircraft for the sole purpose of operating special extra section flights for VVIP operation," the CAG report said.
The carrier was rapped for taking six months to raise invoices for VVIP travels and special missions despite the revenue constraints it faced.
Air India had told CAG on February 02, 2016, that the delay was on account of information that had to be gathered from various stations. It said in view of the audit observations, efforts were being made to speed up the process.
The government audit body said considering the significant quantum of the pending dues and in the context of government support to AIL for a turnaround, "more efforts need to be made" for an early reimbursement both AIL and the government.
The Turnaround Plan and Financial Restructuring Plan of Air India was approved by the Government in April 2012.
"Government had committed to infuse equity of Rs 42,182 crore from 2011-12 to 2031-32," CAG noted.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
