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Indian airlines honest about challenges ahead
07 July 2011
Airlines and financiers speak about the challenges they face at the fifth annual India Airfinance Conference in Mumbai.
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India
Alok Wadawan
Saroj Datta
Kapil Kaul
Yasantha Dissanyake
Adrian Dharsan
India is a country of 1.2 billion people. During the last few months Indian airlines have placed orders for over 300 aircraft, valued at about $25 billion.
“This market has huge funding requirements and the airlines' balance sheets continue to be weak considering the losses they sustained,” says Alok Wadawan, head of transportation, Investec, opening the fifth annual India Airfinance Conference today.
And the airlines are no more confident. “We are going to have extreme difficulty going forward getting finance,” says Saroj Datta, executive director, board member, Jet Airways “This is because of the balance sheets of the airlines.”
Datta says Jet Airways has financed aircraft acquisitions during the last few years with export credit and lessors without difficulty. “It’s is at the...
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