New Delhi: Projecting a fairly healthy outlook for its finances and over all operations, Air India expects to wipe out some red marks from its balance sheet and become operationally profitable in its budget estimates for the next fiscal.
After a streak of losses, Air India had reported a net profit of Rs 14.6 crore in December last year, from a loss of Rs 168.7 crore in the corresponding period of 2013.
As per Turnaround Plan (TAP) projections, the national carrier is to be fully operationally profitable by financial year 2016-17.
In April 2012, the government had announced a bail-out package of Rs 30,000 crore, spread over a period nine years, while approving its turnaround plan as well as financial restructure plan with certain riders.
24/03/15 PTI/Economic Times
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After a streak of losses, Air India had reported a net profit of Rs 14.6 crore in December last year, from a loss of Rs 168.7 crore in the corresponding period of 2013.
As per Turnaround Plan (TAP) projections, the national carrier is to be fully operationally profitable by financial year 2016-17.
In April 2012, the government had announced a bail-out package of Rs 30,000 crore, spread over a period nine years, while approving its turnaround plan as well as financial restructure plan with certain riders.
24/03/15 PTI/Economic Times
