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Air India - Strike leaves passengers stranded chaos at airports

Air India - Strike leaves passengers stranded chaos at airports.

Air India spent Rs1,803 cr on pending staff salaries

May 24, 2013    

New Delhi: Air India spent over 85 percent of its Rs6,000 crore equity infusion last year on clearing pending staff salaries, paying off aircraft loans and interest and its debt to oil companies and airport operators. Of the Rs6,000 crore received in 2012-13, the airline spent Rs1,803 crore on pending staff salaries, paid off Rs1,253 crore as jet fuel dues to oil marketing companies and Rs1,100 ...

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