Asia/Pacific

Indian aviation sector suffers loss of INR 116bn as per Ministry records

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Indian aviation sector suffers loss of INR 116bn as per Ministry records

Indian aviation industry has suffered a loss of INR 116.58bn in FY 2021-22 as per the Indian Ministry of Civil Aviation records. The losses to the industry were primarily because of the Covid-induced disruption across the globe; currency depreciation; high operating cost environment, especially due ...

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