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Jul 04, 2018
9:42PM

Cabinet approves revision of the compensation on SESF Operations with Boeing 747-400 aircraft

The Cabinet Committee on Economic Affairs, CCEA has given its approval to enhance the expenditure for Special Extra Section Flights, SESF operations from 336.24 crore rupees to 534.38 crore rupees for 2016-17 with built-in annual escalation of 10 per cent to compensate the cost of living index and exchange fluctuation for the maintenance of B747-400 aircraft. In view of the serious financial and liquidity position to the Company, the enhancement would help to ease some of its financial burden.

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