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Air India spends Rs 10 crore to insure grounded planes

2019-03-01 1 Dailymotion

National carrier Air India, which is sitting on a huge debt pile and surviving on the Rs 30,000- crore government bailout, is allegedly getting grounded aircrafts insured at a cost of $ 6 million in a year.<br /><br />The state-run airline's recognised pilots union, the Indian Commercial Pilots Association (ICPA), has sought an independent probe into these allegations and fix the accountability on individuals responsible for this.<br /><br />"Six Boeing 737-200 Fs, which have been out of service for more than three years, are still being insured at $1 million each per annum or $ 6 million, for more than the past three years. We demand an immediate, time-bound investigation by an external agency to look into this huge financial irregularity," ICPA General Secretary Shailender Singh said in a letter to Air India Chairman Rohit Nandan. The letter is also addressed to Aviation Minister Ashok Gajapathy Raju and the Chief Vigilance Commissioner.<br /><br /><br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive

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