The Comptroller and Audit General said that High volume of short-term loans have largely eroded the benefits for Air India from the financial restructuring plan. Under the Financial Restructuring Plan approved in April 2012, the government had committed to infuse equity of Rs 42,182 crore from 2011-12 to 2031-32. The CAG today tabled its performance audit report on Air India Ltd in the Parliament for the period from 2010-11 to 2015-16. <br/><br/>The CAG said in its reports the increase in loans was due to failure in generating projected revenue, mainly on account of non-achievement of asset-monetization target and increase in staff costs. <br/><br/>The CAG said while the airline has achieved a surplus over its variable cost but this could be attributed largely to the sharp fall in Air Turbine Fuel prices. The Auditor added the company is yet to recover its total cost of operation.<br/><br/>Touching upon rationalization of staff costs, the apex auditor said the practice of hiring temporary manpower should be reviewed. The auditor said Air India Ltd should also rationalize costs on Staff on Duty travel, related allowances and hotel expenses in positioning the staff.