Jet,Kingfisher,AI losses staggering

Air India's loss was Rs 5,552 cr,Kingfisher's and Jet's at Rs 1,239 cr and 467 cr respectively.

National carrier Air India incurred a loss of over Rs 5,500 crore during the 2009-10 fiscal,the government said today.

The national carrier loss was estimated at Rs 5,552.44 crore,followed by Kingfisher Airlines and Jet Airways at Rs 1,239.30 crore and 467.60 crore respectively in the said fiscal,Minister of Civil Aviation Vayalar Ravi said in a written reply in Lok Sabha.

Besides,another private airline operator Go Air incurred a loss of Rs 65.50 crore in the period.

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Low cost carrier IndiGo made the maximum profit (Rs 484.70 crore) in the same fiscal,followed by its rivals SpiceJet Rs 67 crore and JetLite Rs 46.20 crore.

Various measures like equity infusion to Air India and persuading state governments to reduce the sales tax on Aviation Turbine Fuel (ATF) have been taken to check,Ravi said.

“Further,Group of Ministers (GoM) has been constituted by the government to review the operational and financial performance of Air India from time to time and preparation of turn around plan,” the minister said.

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