New Delhi: Indian aviation debt is likely to increase more as foreign carriers enter the space and take away more business. Centre for Aviation (CAPA) report shows that a growing debt burden which increased to $14.5 billion in the last fiscal will only rise due to rising input costs and shrinking traffic share.
The combined debt of Indian airlines shot up from 8-9% in 2012-’13 and stands at Rs. 80,765 crore today. Among the debt-ridden Indian carriers, national carrier Air India takes the lead with $ 8.9 billion, followed by Jet Airways (India) with $2.25 billion, Kingfisher with $1.8 billion, SpiceJet with $336 million, IndiGo with $176 million and the lowest is GoAir with $147 million.
The debt figures do not take non-fund based debt. Since 2007, the Indian aviation’s total losses till last fiscal stands at $9.5 billion . The losses are coming down compared to previous year. Last year, Air India’s loss was Rs 7500 crore and this year it is Rs 5000 crore.
01/06/13 TruthDive
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The combined debt of Indian airlines shot up from 8-9% in 2012-’13 and stands at Rs. 80,765 crore today. Among the debt-ridden Indian carriers, national carrier Air India takes the lead with $ 8.9 billion, followed by Jet Airways (India) with $2.25 billion, Kingfisher with $1.8 billion, SpiceJet with $336 million, IndiGo with $176 million and the lowest is GoAir with $147 million.
The debt figures do not take non-fund based debt. Since 2007, the Indian aviation’s total losses till last fiscal stands at $9.5 billion . The losses are coming down compared to previous year. Last year, Air India’s loss was Rs 7500 crore and this year it is Rs 5000 crore.
01/06/13 TruthDive
