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Article: AI may post 50 pc of aviation industry's total losses.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- October 3, 2008
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AI may post 50 pc of aviation industry's total losses
Mumbai, Oct 3 (PTI) State-owned air carrier Air India is expected to post half of the domestic aviation industry's losses this fiscal, at Rs 3,000 crore, Civil Aviation Minister Praful Patel said today.
"Air India's losses would be around Rs 3,000 crore in FY 2008-09," Patel told reporters here.
The aviation industry is expected to post losses of Rs 6,000 crore in the current financial year largely because of high oil prices.
High oil prices were not ...