Mumbai: Despite various hurdles plaguing the first aviation foreign direct investment (FDI) deal between Jet Airways and the Abu-Dhabi based Etihad Airways, the Centre for Asia Pacific Aviation India (CAPA India), an advisory, research and knowledge practice, expects an infusion of $1.3 billion (Rs 7,760 crore) of foreign money into the Indian carriers in the next few months.
However, CAPA India cautioned in a report that regulatory interventions and structural challenges may subdue investor interest.
According to ‘CAPA India Aviation Outlook Report FY14’, “estimate of (foreign) funds includes $700-750 million of investment in equity in up to three Indian airlines, including Jet Airways, and a further $550-600 million in additional financial assistance such as access to foreign exchange loans at lower interest rates and sale-and-leaseback income from assets such as aircraft and airport slots”.
19/07/13 Daily News & Analysis
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However, CAPA India cautioned in a report that regulatory interventions and structural challenges may subdue investor interest.
According to ‘CAPA India Aviation Outlook Report FY14’, “estimate of (foreign) funds includes $700-750 million of investment in equity in up to three Indian airlines, including Jet Airways, and a further $550-600 million in additional financial assistance such as access to foreign exchange loans at lower interest rates and sale-and-leaseback income from assets such as aircraft and airport slots”.
19/07/13 Daily News & Analysis
