Air India’s 2008-09 loss is now expected to be even larger than earlier estimates
The National Aviation Company of India (NACIL), the holding company which runs the international and domestic arms of flag carrier Air India, is expected to register a larger than expected loss of about INR5,000 crore (USD1.04 billion) for the fiscal year ended 31-Mar-09. [1765 words]
Unlock the following content in this report:
- And the long hoped-for government bail-out has again receded – for the moment
- But shuffling the deck chairs - yet again - still appeals to the politicians
- Will the aircraft purchase schedule be held back?
- A possible domestic LCC
- At last - an end to an embarrassing salary payment dispute
- Integration issues still delaying STAR membership
- Insurance costs are a potential headache
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