They are calling it the case of the bankrupt maharajah.
Saddled with lost man-days, unwarranted expenses, unviable routes and huge salary bills, the state-owned Air India - the airline with a mascot of a maharajah or Indian king - is in a mess like never before.
Its losses have almost doubled to over $800m in 2008-09 and it does not have the money to foot the monthly salary bill of its 31,500 employees. More...
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