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Air India to buy 250 Airbus planes in 'historic' deal
Air India to buy 250 Airbus planes in 'historic' deal
Business and Economy
by  AFP

Air India will buy 250 Airbus planes in a deal aimed at transforming the former national carrier, it said Tuesday, after decades as a monumental burden on the public purse. But by the end of the century, the venture was struggling to compete with Gulf carriers and no-frills airlines, starved of investment and racking up billions of dollars in losses that dragged on the public purse.