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New Delhi, November 28 : The Central Government on Thursday made it clear in Parliament that there is no specific plan or proposal to provide financial assistance to loss-making non-government airlines.
Civil Aviation Minister Hardeep Singh Puri gave this information in the Lok Sabha on Thursday in response to a question. Dular Chand Goswami, MP from Katihar of Janata Dal (United), asked if there was an idea to help civil aviation companies facing financial crisis.
Puri said that there are no plans to provide financial assistance to loss-making non-government airlines as its management function, including the company’s financial system, is an internal matter of civil aviation companies. Each airline formulates its business plan based on its own market estimates and liabilities. It is the airline’s responsibility to raise financial resources and ensure efficient operations according to the business plan.
He said that the government is aware of the financial difficulties facing the airline companies. Accordingly, the government has been continuously responsive to the conditions of the industry and has been taking specific measures to facilitate and enable the development of the sector.