Sale of debt-laden Air India imminent

Prime Minister Narendra Modi is expected to give the go-ahead for the government to sell off loss-making Air India. It now has more than
$8 billion of debt – equivalent to the value of the company

Air India
Fleet size: 117 aircraft
Personnel: 20,956 (Nov 2016)
Employee-to-aircraft ratio: 179
Global average ratio: 100

2017: Debt includes - Corporate debt US$8.07bn (Rs 52,000 crore)

2007: Government merges domestic Indian Airlines with international arm, Air India. Both are making losses

$3bn Air India owes foreign banks for aircraft purchases and working capital bank loans of around $5bn

Total revenue: $ billions
Rs crore (1 crore = 10m rupees)
2008-09 2.09 13,479
09-10 2.08 13,402
10-11 2.18 14,062
11-12 2.28 14,714
12-13 2.49 16,072
13-14 3.02 19,481
14-15 3.20 20,613
15-16 3.18 20,526

Net profit / loss: $ billions
Rs crore
-1.11 -7,149
-0.86 -5,552
-1.06 -6,865
-1.17 -7,560
-0.85 -5,490
-0.97 -6,280
-0.91 -5,860

+0.02
+105

Jan 2017: Auditor general reports that profit claim is wrong. Air India incurred loss of $49.8m (Rs 321 crore)
 
Air India logo designed by Arnab Roy
Source: Air India annual reports, PTI