Indian airlines’ debt of $20 billion in 2011-12

Advisory body urges “significant investment” by foreign companies

The Indian airline industry is likely to suffer a $20 billion debt burden for the period of 2011-12. In order to remedy this dire situation, the country’s Planning Commission has recommended in its “12th Plan” for the sector that airlines should receive “significant and continuous investment” by foreign airlines as well as reduced taxes on aircraft fuel aircraft leases, airport charges and other payments.
Around half of the $20 billion debt is aircraft related; the rest is related to working capital loans and payments to airports and fuel companies.
The Economic Times
[pictured: Kingfisher airlines, taxing in Bangalore Airport, India; photo by Marirs]

x

Check Also

(DK) Danish Air Transport Part 145 is looking for Licensed Aircraft Engineers for Billund and Copenhagen

DAT Group is looking for highly motivated and independent candidates with the ability to work ...

Norwegian, IAG, takeover, buy, Walsh, third, offer, billion, debt, newspaper, report

IAG prepares new offer for Norwegian: report

IAG is considering a third and final approach to bid for Norwegian, according to press reports.

Dallas/Fort Worth, Iceland, Keflavik, airport, route, three, airlines, destination, USA,

Keflavik adds three links to one destination

Three airlines are launching routes between the Icelandic airport and the same destination in the US.

TUI, Brits, German, Nordic, Scandinavian, markets, leisure, business, tourism, tour operator, Tui, mix, nationality, resorts

Tui: Brits go well with Nordics, less so with Germans

Tui Group’s executive chairman explains the results of trials to mix various nationalities in its resorts.

Snøhetta, planetarium, solar, observatory, design, architecture, Norway, Oslo, MICE, groups, hotel

Norway rebuilds site for astronomy fans

The designers of the site took lessons in astronomy and aim to build a visually striking attraction.

Prague Convention Bureau, website, search, providers, service, accommodation, meetings, events, MICE, congress, Czech

Search is key in new Prague Convention Bureau website

The Czech capital’s new-look website allows users to search an extensive range of service suppliers.