Day: August 5, 2018

Challenging times ahead for aviation sector as losses rise

August 5, 2018

It’s challenging times ahead for the Indian aviation sector. According to ratings agency ICRA, the aggregate loss of the aviation sector is expected to reach Rs 3,600 crore in 2018/19, up from around Rs 2,500 crore in 2017/18. The reasons for the higher losses include higher aviation turbine fuel (ATF) prices, slowdown in capacity addition, […]

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How close is Jet Airways to running out of cash?

August 5, 2018

There is no industry in the world that has not seen bankruptcies, mergers, and churns to the extent that the aviation industry has. One-time airline giants like TWA, United Airlines, and Pan American don’t exist any longer. Two of the largest aviation names today — American Airlines and Delta — had also filed for Chapter […]

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