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Indian carriers, except IndiGo, need to raise $2.5 bln to survive grounding

city New Delhi India covid-19 pandemic travelers
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NEW DELHI: Indian airlines, excluding market leader IndiGo, will need to raise a minimum of $2.5 billion to survive the grounding due to the lockdown imposed to contain covid-19 pandemic, aviation consultancy firm CAPA India said in a report on Friday. "IndiGo is well-placed in terms of cash reserves ($1.13 billion of free cash and $1.33 billion of restricted cash) compared with other Indian carriers.

However, it too is not immune to risks in the event of a prolonged crisis," CAPA India said in its latest report-- Indian aviation faces massive disruption on the road out of COVID.

It said the $2.5 billion fresh capital infusion for airlines will only be sufficient for them to survive until the market starts to turn around, and additional

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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