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Daily Archives: April 21, 2009

Why is Air India flying in to a wall of debt with a massive fleet expansion?

Going against the current flow of deferred deliveries or outright cancellations, the state-owned National Aviation Company of India Limited (NACIL) better known as Air India will induct 30 aircraft in the current fiscal year ending March 2010, and another 45 by March 2012, as part of its fleet expansion plans. Compare this with the large scale deferrals and cancellations by …

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