CAG pulls up Air-India over ‘avoidable expenditure’

New Delhi: Comproller and Auditor General of India (CAG) pulled up Air-India Ltd for making losses of Rs 101.25 crore during 2002-05, due to “avoidable expenditure” incurred due to non-procurement of certain equipment.
It said the flagship carrier lost Rs 8.21 crore on outside repairs in the past three years because it has not acquired some equipment despite fund availability. Besides, the company carried out a number of aircraft checks outside the country at a cost of Rs 57.37 crore during the same period in spite of having in-house capabilities.
The time taken for completion of the checks surpassed the planned number of days, which resulted in loss of flying hours valued at Rs 93.04 crore.
20/05/06 Financial Express

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