For the year ending March 30, 2011, Air India is estimated to have posted a record loss of Rs. 7,000 crore, which is more than $1.5 billion. The news means the beleaguered carrier’s turnaround plan is not working. Published in India newspaper Mint – who received the figures from an internal assessment of the airline – Air India was reported to have made a loss after tax of Rs. 6,994 crore, wider than the previous year’s Rs. 5,552.44 crore and falling short of targets that were set last year. Net loss before tax is estimated at Rs. 7,195.75 crore compared with

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