The Maharaja of Indian skies has lost much of his exuberance in the last six years with its net worth plunging by a fourth to Rs 350 crore in 2000-01 from an all-time high of Rs 1,435.40 crore in 1994-95.
With stiff competition from international carriers, paucity of funds for crucial investments and plunging quality of service, Air-India is likely to end the current fiscal with zero if not negative cash flows which might well erode its net worth, sources said.
The carrier
