Asia/Pacific

Air India writes-off INR 70bn in FY 2022-23

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Air India writes-off INR 70bn in FY 2022-23

Air India incurred write-offs amounting to an estimated INR 70bn during the FY 2022-23. The airline attributes this to issues faulty aircraft and engines, as well as losses incurred by low-cost airline AirAsia India, Economic Times reports. As per sources, Air India Group achieved EBITDAR positivit...

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