The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to-back quarterly losses this year. While its losses stood at Rs 1,036 crore in the March quarter, the losses jumped to Rs 1,300 crore in the subsequent June quarter of the current fiscal.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MUpRe0
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