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Air India to Reduce Losses but Cutting Costs

Posted on January 19th, 2015

State-owned carrier Air India is to cuts its costs by Rs 1,400 crore ($227 million), or about 6 per cent of its total outlays, in the next financial year after the government asked the loss-making airline to improve its finances. Air India, which controls close to a fifth of India’s domestic air travel market, has […]

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