Air India on revival mode

| April 22, 2012

air_india_on_revival_mode_postnoon_news

New Delhi: Ailing Air India expects to wipe off its losses and become cash positive in the next five-six years, official sources said. The airline, which would get an upfront equity infusion of Rs.6,750 crore this financial year, estimates that it would slash its current yearly operating loss of Rs.1,700 crore to just Rs.23 crore in five years and become cash positive by 2018.

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