New Delhi: Efficient functioning and reduction in operational costs has helped national carrier Air India turn from a loss-making airline into an "operational profit unit", the Lok Sabha was informed on Tuesday.
The government also asserted that with regard to safety issues for air travellers, it will be the endeavour of the government "to keep our airports and skies absolutely safe" through foolproof adherence to prescribed international standards.
"By cutting its operational expenses by almost 11 per cent, Air India has turned from a Rs.2,636 crore loss making unit in 2014-15 to a Rs.8 crore operational profit unit in 2015-16," Civil Aviation Minister Ashok Gajapathi Raju said while replying to a debate on demand for grant for his ministry.
He also pointed out that Air India joined Star Alliance in 2014, "which has helped it to integrate better with the international civil aviation market".
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The government also asserted that with regard to safety issues for air travellers, it will be the endeavour of the government "to keep our airports and skies absolutely safe" through foolproof adherence to prescribed international standards.
"By cutting its operational expenses by almost 11 per cent, Air India has turned from a Rs.2,636 crore loss making unit in 2014-15 to a Rs.8 crore operational profit unit in 2015-16," Civil Aviation Minister Ashok Gajapathi Raju said while replying to a debate on demand for grant for his ministry.
He also pointed out that Air India joined Star Alliance in 2014, "which has helped it to integrate better with the international civil aviation market".
To Read the News in Full
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