Domestic airlines suffer Rs 2445cr losses in 2007-`08
Government said on Thursday leading airlines in the country had suffered losses amounting to nearly Rs 2,445 crore during the 2007-08 fiscal.
New Delhi: Government said on Thursday leading
airlines in the country had suffered losses amounting to
nearly Rs 2,445 crore during the 2007-08 fiscal.
"The leading airlines registered losses of Rs 2,444.84
crore last year," Civil Aviation Minister Praful Patel said in
a written reply to a Lok Sabha question.
The Minister added that Paramount Airways was the only
airline which made profits during this period.
Kingfisher Red topped the list of loss-makers at Rs
While giving the data for the last three years, Patel
said for the first time in the last three years, Jet Airways
suffered losses to the tune of Rs 253.06 crore this year.
The Minister said the leading airlines together suffered
losses amounting to Rs 2,938.25 crore in 2005-06 and 2006-07.
Replying to another query, Patel said the government has
given no objection certificates to three airline companies --
Star Aviation, Jagson Airlines and ZAV Airways -- for
operating scheduled regional transport air services.
In reply to another query, he said guidelines have been
issued to domestic airlines for adopting effective training
programmes for their Indian pilots to replace foreign pilots.