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Aviation funds crisis: Indian airlines need whopping Rs 35,000 crore capital
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
Aviation funds crisis: Domestic carriers, which are grappling with high fuel cost and falling rupee coupled with cut-throat competition, would require a massive capital infusion over the next three-four years, rating agency Icra said. Check out the state of aviation in India in brief:
1/7
Jet fuel price
1/735% - rise in the average jet fuel price during April-November this year over the same period last year. Image Source: Reuters
2/7
Fall in rupee
2/77.8% - fall in rupee against the US dollar during the same period. Image Source: Reuters
3/7
Combined net loss
3/7Rs 3,640 crore - combined net loss reported by the three listed airlines in first half of this fiscal. Image Source: Reuters
4/7
The first half of fiscal 2019
4/7Rs 20 crore per day - lot by three listed airlines during the first half of fiscal 2019. Image Source: Reuters
5/7
Fund infusion
5/7Fund infusion would help bring down the high debt levels in the airline industry. Image Source: Reuters
6/7
Passenger load factory
6/7Airlines are resorting to predatory pricing to maintain their passenger load factory. Image Source: Reuters
7/7
Addition of new aircraft
7/7On the other hand, capacities are on the rise with addition of new aircraft. Image Source: Reuters
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