Air India's losses could feed every Indian for a year
Sound like an over the top headline? Well its not - check the math here. Air India just announced another blockbuster loss. The state says it will inject more capital. Surprise, surprise - as long as the airline remains state owned this transfer of wealth from the population to a select few will continue. And why do India's private airlines not yell at the top of their voices? Great question - obviously they are taken care of - somehow. This is a truly sad state of affairs for Indians. It is a rotten situation.
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