Air India posted losses of ₹7,982.83 crore (just over US$1bn) in 2019-20, ₹8,556.35 crore (US$1.17bn) in 2018-19, and ₹5,348.18 crore (US$670m) in 2017-18. Repoorts are circulating that Air India is set to post a net loss in the ₹9,500-10,000 crore region (US$1.25bn) in the year through March 2021. This is good news – it should help the Indian government to argue that divesting the airline at all costs is the answer as the state cannot keep carrying this burden. The Indian government has provided guarantee support of ₹964 crore to Air India to raise working capital loans from Indian banks

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