Categories: BusinessUncategorized

Air India, AI Express said ‘Ta-Ta’ for credit sales

New Delhi: With Air India and AI Express will lose their PSU tag and return to Founder Tata Group, this center has asked all ministries to clean up contributions to airlines and only make cash.
“AI has stopped expanding credit facilities because of the purchase of airplane tickets,” Memo Office issued by the Ministry of Finance on Wednesday.
A senior AI official said the practice of giving 2-3 months credit has been stopped and all sales are only in cash now.
In 2009 the government has decided that all domestic and international air travels, including LTC, where he bears the cost of air passages must occur in the state-owned AI.
Now with AI and AI Express go to personal hands, the rules change.
“AI has stopped expanding credit facilities because of the purchase of airplane tickets.
Therefore, all ministries / departments are directed to immediately clean up AI contributions.
Airplane tickets from AI can be bought in cash until further instructions,” said Memo issued by the Finmin expenditure department on the day Wednesday.
Parliamentarians have the right to get a number of airplane tickets every year, which until now are mostly in AI.
A senior official of the Ministry of the Ministry recently told TII: “AI is accustomed to collecting this ticket.
Now we can make it an open system where parliamentarians can choose which flights are best suited for them.
The money used by the government to pay for the state-owned AI on This account will now go to any air chosen by parliamentarians.

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