Air India to lose around Rs.5,400 crore in 2009-10: Patel
The Civil Aviation Minister Praful Patel yesterday said that Air India, the National carrier, is expected to posts $1.8 billion (Rs.5,400 crore) of losses this financial year and the trend is likely to continue for a few more years. The state-owned carrier is run by the National Aviation Co. of India Ltd (NACIL). The minister [...]
Air India, GE Aviation to invest $90 mn to set up MRO facility
In order to cater for the latter”s GEnx-1B engines, Air India and GE Aviation is eyeing to jointly invest $90 mn to establish a Maintenance, Repair and Overhaul (MRO) facility in Mumbai. Mr. Nalin Jain, Director (Indian Operations) of GE Aviation said that the company will invest $20 mn, while the remaining amount would be [...]