According to provisional figures mentioned in a written reply given by union minister Jayant Sinha in the Lok Sabha, the airline has increased its operational profit to Rs 215 crore in the last financial year. In 2016-17, the airline had a net loss of Rs 3,643 crore while operating profit rose to Rs 215 crore, the provisional figures showed. Air India incurred a net loss of Rs 3,836.77 crore even as it managed to eke out an operational profit of Rs 105 crore in 2015-16.
"As per the provisional figures for financial year 2016- 17, the total loans of the company as on March 31, 2017 are around Rs 48,877 crore," Sinha said. To a question on whether the government has consulted all stakeholders, including workers' unions before the disinvestment, he replied in the negative. On June 28 this year, the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle approval for strategic disinvestment of Air India and its five subsidiaries.
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