The total outstanding loans of Air India as on 30 September 2017 stand at Rs51,890 crore as per provisional figures cited by Jayant Sinha. Photo: Abhijit Bhatlekar/MintNew Delhi: There is no proposal to reconsider the decision to privatize Air India, which has a debt of Rs51,890 crore till September this year, the government informed Parliament on Thursday. To a question in the Lok Sabha on whether the government proposes to reconsider its decision to sell out the debt-ridden Air India and its auxiliary companies, minister of state for civil aviation Jayant Sinha replied in the negative. The total outstanding loans of Air India as on 30 September 2017 stand at Rs51,890 crore as per provisional figures cited by Sinha. In 2016-17, the airline had a net loss of Rs3,643 crore, while operating profit rose to Rs215 crore, the provisional figures showed.

Source: Mint December 28, 2017 21:22 UTC