The Comptroller and Auditor General's (CAG) performance audit report of the airline was tabled in Parliament on Friday. The understatement of losses were Rs 1,455.8 crore (2012-13), Rs 2,966.66 crore (2013-14) and Rs 1,992.77 crore (2014-15). "AIL failed to earn the targeted annual revenue of Rs 500 crore, with assets valued at Rs 64.06 crore only being monetised. "The airline had over-provisioned wide body aircraft while it had an acute shortage of narrow body aircraft. While the aircraft remained grounded, the airline paid substantial amounts for their lease rent (for leased aircraft) or finance cost (for owned aircraft."

Source: Times of India March 10, 2017 15:26 UTC