Editorial Comment

ESTIMATES PUT AIR INDIA LOSS AT RS. 7,000 CRORE – THAT’S MORE THAN $1.5 BILLION

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ESTIMATES PUT AIR INDIA LOSS AT RS. 7,000 CRORE – THAT’S MORE THAN $1.5 BILLION

For the year ending March 30, 2011, Air India is estimated to have posted a record loss of Rs. 7,000 crore, which is more than $1.5 billion. The news means the beleaguered carrier’s turnaround plan is not working. Published in India newspaper Mint – who received the figures from an internal ass...

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