Business Standard

KEEPING IT AFLOAT

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■ Tata Sons has invested around ~550 crore in Airasia India through optionally convertibl­e debentures

■ Tatas to pump another ~300 cr in the airline via same route

■ Airline will soon be inducting 5 new aircraft

■ Cost restructur­ing underway, with the airline cutting down on unviable destinatio­ns like Chandigarh and Agartala

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