The deadly crash of an Air India flight carrying more than 240 people on Thursday arrives after years of efforts to turn around the country’s flag carrier — which had been plagued by tragedy and financial losses under prior state ownership.

Incidents like the recent Air India crash can result in a total loss, meaning the aircraft is beyond repair with no salvageable parts. In such cases, the losses can reach around $130 million, roughly $80 million for the plane and $30-50 million in liabilities.

Fatal crash raises new concerns for both firms as they try to revamp after years of problems that marred reputations.