‘Merger pushed AI, Kingfisher deeper into red’


New Delhi: The merger of Air India with Indian Airlines and that of Kingfisher Airlines with Air Deccan has resulted in a massive increase in their losses, according to official figures.
The losses for the National Aviation Company of India Ltd (NACIL), which runs Air India, more than doubled from Rs. 2,226.16 crore in 2007-08 to Rs. 5,548 crore in 2008-09.
Similarly, Kingfisher’s losses rose almost four times from Rs. 408.91 crore to Rs. 1,602 crore during the same period, the figures have shown. The 2008-09 losses for liquor baron Vijay Mallya’s airline were recorded after its merger with low-cost carrier Air Deccan.
Likewise, the combined losses of Jet  Airways and  its  fully-owned subsidiary JetLite or erstwhile Air Sahara      rose from Rs. 695.10 crore to Rs. 1,032.7 crore.

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