Airline

BAILOUT FUNDS FINALLY APPROVED FOR AIR INDIA

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BAILOUT FUNDS FINALLY APPROVED FOR AIR INDIA

The Indian Cabinet Committee for Economic Affairs (CCEA) has approved an infusion of $267 million for beleaguered state carrier Air India. The carrier, which posted an operational profit of $4.9 million in November 2010, will use the funds to increase flights to more destinations and maintain low fa...

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