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India: Air India invites bids for aircraft insurance


Air India Ltd. has invited bids to renew insurance for its 105-aircraft fleet worth $9 billion, Moneycontrol.com reported, citing the Press Trust of India.

The airline has invited bids from Indian insurers. Consortiums can also submit applications. The deadline for submission is Jun. 4 2014. India's finance ministry has said no preference support would be given to public sector insurers, PTI reported.

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