2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1000 crores
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2500 crores
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3500 crores
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650 crores
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Detailed explanation-1: -Synopsis. In 2021-22, the Centre infused an equity of Rs 62,057 crore in AIAHL in order to clear Air India’s pending dues before its disinvestment.
Detailed explanation-2: -The bid included a payment of ₹2,700 crore while retaining a debt of ₹15,300 crore. The divestment of the national carrier was concluded on 27 January with the Centre completing the handover of Air India, and its subsidiaries, Air India Express and AISATS (a 50% stake), to the Tata group.
Detailed explanation-3: -To sweeten the divestment deal, the Modi government decided to off-load the majority stake. The Centre would hold on to 24 per cent of the equity in the airline; and 76 per cent would be divested.
Detailed explanation-4: -The total losses incurred by Air India as of the end of March 2021 were Rs 83,916 crore. It lost an additional Rs 9,556.5 billion in FY22.