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Air India accumulated losses of about Rs 70,820cr till March 31, 2020: Govt

Air India has been suffering heavy losses since its merger with Indian Airlines in 2007 and it has accumulated losses of about Rs 70,820 crore, MoS for Civil Aviation V K Singh said.

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Air India

Press Trust of India  |  New Delhi 

Air India

has been suffering heavy losses since its merger with Indian Airlines in 2007 and it has accumulated losses of about Rs 70,820 crore till March 31, 2020, Minister of State for Civil Aviation V K Singh said on Wednesday.

Financial bids for are likely to be received from qualified interested bidders by September 15 this year.

The Centre had invited Expression of Interests (EoIs) for on January 27, 2020. The last date of submission -- after multiple extensions due to COVID-19 pandemic -- of EoIs was December 14, 2020.

"Air India is suffering heavy losses since its merger and has accumulated losses of about Rs 70,820 crore till March 31, 2020," Singh said in his written reply to a question in the Rajya Sabha.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, August 04 2021. 17:54 IST
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