Good Week
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AIR INDIA India's government is looking into a proposal to provide a Rp10 billion ($219 million) cash injection for loss-making Air India, which is struggling financially amid intense competition, weakening demand and increased costs. Civil aviation minister Praful Patel reportedly confirmed that the proposal is being studied. The cash would be used to increase the carrier's equity base and help it continue expanding its fleet.
Bad Week
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AILING CARRIERS Ryanair has ruled out snapping up any ailing carriers that fall victim to the current economic crisis as a way of boosting its European operations. "They don't have any assets, they don't own any aircraft, and they're structurally incorrectly set up," says deputy chief executive Howard Millar. As a result they are of no interest to the Irish carrier and are "probably doomed at this stage", adds Millar: "Market forces will take care of them."
Source: Flight International
