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Air India Gets Bailout

Air India is reeling under a $8 billion debt load.

By LIFS March 7, 2010 at 12:33 AM
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The Indian government is infusing $423 million to bail out Air India, which is reeling under $8 billion in debt. The company has agreed to trim $412.7 million in costs and reduce its fleet from 146 aircrafts to 105 by March 2011.

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Business | Magazine | March 2010

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