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Air India chalks out turnaround plan

Its parent company, National Aviation Company of India Ltd (NACIL), has also planned to mobilise additional revenue of Rs 1,800 crore through cost-cutting and savings, sources in the know said. NACIL, which has to submit this plan to a high-level Committee of Secretaries headed by Cabinet Secretary K M Chandrasekhar, is also seeking a soft loan of Rs 3,000 crore from the government, they said.   read more »

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