New Delhi: Private domestic carriers are in varying degree of financial
stress and have been told to take corrective measures to strengthen
their balance sheet without compromising the safety of operations,
Indian Minister of State for Civil Aviation Mahesh Sharma informed Lok
Sabha on Monday.
The Minister was responding to a question on the financial health of the airlines and the measures taken to mitigate the problems.
An assessment of impact of financial stress on safety of operations of private scheduled airlines has been carried out by the aviation regulator DGCA last year, he said.
“It has been found that all private airlines are in varying degree of financial stress,” he said.
Read news in full 29/07/15 PTI/Gulf News Aviation
The Minister was responding to a question on the financial health of the airlines and the measures taken to mitigate the problems.
An assessment of impact of financial stress on safety of operations of private scheduled airlines has been carried out by the aviation regulator DGCA last year, he said.
“It has been found that all private airlines are in varying degree of financial stress,” he said.
Read news in full 29/07/15 PTI/Gulf News Aviation
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