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Created by : Nikhil , Senior Manager, Insurance  | 04 03 2010 02:40:51 +0000
Industry : BankingFunctional Area : Performance(Corporate Finance)
Keywords : air india
Activity:  54 views;  last activity : 07 06 2010 20:18:09 +0000

Can Air India survive, is it right o use tax payers money to make a ailing parasite survive

 
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A good debt ratio = 3:1 but Air India with following has 18:1 ration

1) Rs 800 crs from govt

2) wrking capital debt Rs 17,000 crs

3) initial equity  Rs 145 crs

 

 

Only PSU banks are giving loans to Air India under govt pressure

Moreover Air Indai expenses for giving services to Govt rums into 1500 crs which they are not able to get the dues back from govt

Profits have fallen from 133.39 crs in 2002-2003 to loss of RS 447.93 crs in 2008-2009

 


By Nikhil , Senior Manager, Insurance  | 04 03 2010 02:40:51 +0000
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