Air India faces Rs 43,777 cr debt burden

The total debt of cash-strapped AirIndia, consisting of aircraft and working capital loans, is Rs 43,777 crore andthe government has infused Rs 3,200 crore equity to help the airline, CivilAviation Minister Vayalar Ravi said on Thursday.

"The total debt of Air India, consisting of aircraftloans and working capital bank loan aggregates Rs 43,777.01 crore. The workingcapital loan is Rs 21511.10 while the aircraft loan is Rs 21412.06," Raviinformed Rajya Sabha in a written reply.

Apart from it, the beleaguered national carrier owes Rs3,777 crore to airport operators, oil marketing companies , other vendors,interest on working capital loan, interest of IDBA aircraft loans andemployee's wage.

"Air India owes Rs 2,300 crore to public sector oilmarketing companies, Rs 480 crore as interest on working capital loan, Rs 200crore as interest on IDBA aircraft loans, Rs 350 crore towards employees wages,Rs 367 crore to other vendors and Rs 75 crore to airport operators," Ravisaid.

The national carrier has registered a loss of Rs 5548.26crore during 2008-09, Rs 5552.44 crore during 2009-2010 and Rs 6994 crore(provisional) during 2010-11.

He said that the government has infused fresh equity of Rs3,200 crore to help the national carrier.