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Air India Bailout Dwarfing Hospital Budget Hurts Kingfisher

Air India Ltd. is getting a 67 billion rupees ($1.3 billion) state bailout, almost double the amount the federal government has spent on new hospitals over the past three years.

The cash injection will be announced in the federal budget on March 16, Air India Chairman Rohit Nandan said at the Hyderabad airshow today. The government may also pay off 180 billion rupees of aircraft loans over the next 10 years, said a civil aviation ministry official, who declined to be identified citing rules.