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The aviation industry in India is facing significant financial difficulties. Several factors have contributed to this situation, including overexpansion, rising fuel costs, and intense competition. A recent report found that the industry lost $1.75 billion last year, double the losses from the previous year. State-run Air India in particular has major financial problems, with $800 million in losses last year and $4 billion in debt. Even mergers and consolidation have not helped turn things around. Experts b

Author

Steny Johnson

Language

EN