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Mumbai attacks to hurt Air India

The attacks in Mumbai at the end of Nov-08 are likely to turn a bad situation worse for the Indian aviation market. National Aviation Company of India (NACIL), the company formed from the merger of Air India and Indian Airlines, already expects a loss of close to USD650 million for Air India this year, primarily due to fuel costs and the global economic downturn, which has badly effected both the Indian domestic and international markets.

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