Air India parent National Aviation Co. of India Ltd. is expected to report a loss of approximately INR50 billion ($1.02 billion) for its fiscal year ended March 31, some 25% more than the figure targeted last month, Indian Civil Aviation Minister Praful Patel informed the national parliament's upper house yesterday. He wrote that NACIL's deficit is "largely due to high operating expenses, which have been compounded due to the present economic recession resulting in a drop in passengers," in ...

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