14-Nov-2008 11:05 AM
Air India doubles bailout plea to USD800 million. Has India's domestic market bottomed?
Analysis
Air India has almost doubled its bailout request from the Indian Government, in the form of an equity injection and a soft loan (30:70 split), to USD813 million from USD467 million requested just two months ago. The amount is roughly equivalent to the revised expected losses for the carrier this financial year.
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