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Air India’s financial crisis deepens – USD1.3 billion in losses in three years

Air India is expected to lose USD1.75 million per day this financial year (ending 31-Mar-08), or around USD640 million, according to official estimates from the Ministry of Civil Aviation. That would equate to around half the domestic sector’s losses this year and take Air India’s losses alone over the past three financial years to USD1.3 billion.

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