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India may ask carriers for business plan ahead of plane buys

Source : REUTERS
Last Updated: Tue, Oct 09, 2012 10:13 hrs
A plane prepares to land at an airport in New Delhi

India proposes to ask airlines to provide detailed business plans for three years before they purchase planes, the country's aviation minister Ajit Singh said on Tuesday.

Indian carriers have suffered losses and struggled with low load factors as increasing capacity forced them to offer below-cost fares.

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