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Government approves plan to save Air India

14 April 2012

The Indian government has approved a debt restructuring plan to save Air India, the country’s national airline.

Civil Aviation Minister Ajit Singh said 30bn rupees ($5.9bn; £3.7bn) would be injected into the airline by 2020.

But there will be many checks and targets that the company will need to achieve, the minister said.

source: BBC.co.uk

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