IBNLive.com: Breaking news from India

IN TROUBLE: The flag carrier of the country is making losses since 2004-05.

IN TROUBLE: The flag carrier of the country is making losses since 2004-05.

Air India losses double to Rs 5,000 cr, says Patel

Cash-strapped national carrier Air India's losses for last fiscal are expected to more than double to Rs 5,000 crore owing to the economic meltdown and low yields, Aviation Minister Praful Patel said on Tuesday.

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