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Indian aviation industry losses to swell to Rs 210 billion in FY21: ICRA

Indian aviation industry losses to swell to Rs 210 billion in FY21: ICRA

Dec 04, 2020, at 06:04 am

Mumbai/IBNS: The profitability of the Indian aviation industry is estimated to be adversely impacted in FY2021 with a significant net loss of approximately Rs 210 billion, against net loss of Rs 127 billion in FY2020 with the industry debt level increasing to approximately Rs 500 billion (excluding lease liabilities) over FY2021-22, credit rating agency ICRA said in a report.

India to become third-largest aviation market in terms of passengers by 2026, says Vice President Venkaiah Naidu

India to become third-largest aviation market in terms of passengers by 2026, says Vice President Venkaiah Naidu

Nov 02, 2017, at 10:07 pm

New Delhi, Nov 2 (IBNS): Vice President M. Venkaiah Naidu said that India is witnessing a high-growth trajectory and set to become the third-largest aviation market in the world in terms of passengers by 2026.