““The centre has infused Rs.1,375 crore into Air India Ltd as part of the $913 million (around Rs.5,500 crore) it promised to the airline in this fiscal, a move that will help the company speed up its expansion in Italy and Russia... An Air India official who declined to be named said the airline will start Delhi-Rome and Delhi-Milan flights from 6 June.The Dreamliner 787 will do Delhi-Rome-Milan three days a week and Delhi-Milan-Rome the next three days, providing passengers with direct flights to two key Italian cities. Air India will also start flights to Moscow with a Delhi-Moscow flight in June and approvals from Russian authorities are expected soon... Air India is, however, expected to report a loss of Rs.4,200-4,300 crore, “significantly lower” than the Rs.5,100 crore loss in 2012-13. The loss is nearly half the record loss of Rs.7,559 crore the airline posted in 2011-12...””
Posted on: Mon, 05 May 2014 02:16:07 +0000