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HELPING HAND: Face the Nation panelists discuss the bailout package for Air India,

HELPING HAND: Face the Nation panelists discuss the bailout package for Air India,

FTN: Air India in a tailspin, needs govt bailout

With national carrier Air India in a financial tailspin, the Indian government now contemplates a bailout to the tune of thousands of crores of rupees. The critically ill Maharaja of Air India can breathe easy for the moment as Civil Aviation Minister Praful Patel has assured that the airline will get the support of the government but only if the company goes for some serious cost rationalising. Should the taxpayer compensate for what appears to a clear case of lax management?

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