Air India parent National Aviation Co. of India is expected to lose approximately INR54 billion ($1.18 billion) in its fiscal year ending March 31, similar to the INR55.48 billion deficit suffered in 2008-09, with losses "likely to continue for [a] few more years," Civil Aviation Minister Praful Patel told parliament. The carrier's restructuring plan, a condition of its government bailout, "envisages benefits" of INR19.11 billion in 2009-10, although NACIL has implemented just INR7.53 ...

Subscribe to Access this Entire Article

"Air India expects $1.18 billion full-year loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.