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Six out of eight Indian carriers post losses

Thursday, November 19, 2009

Six out of eight Indian carriers post losses  

 
Six of the eight scheduled airlines in India have posted cumulative losses of Rs. 2,025 crore with Kingfisher Airlines accounting for Rs. 1,602 crore, parliament was told Thursday. Only two — IndiGo and Paramount Airlines — both low-cost carriers, reported profits last fiscal, Civil Aviation Minister Praful Patel told the lower house of parliament.

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