{"id":349244,"date":"2020-05-02T11:47:09","date_gmt":"2020-05-02T06:17:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349244"},"modified":"2020-05-02T11:47:09","modified_gmt":"2020-05-02T06:17:09","slug":"indian-carriers-except-indigo-need-to-raise-2-5-bln-to-survive-grounding","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-carriers-except-indigo-need-to-raise-2-5-bln-to-survive-grounding\/","title":{"rendered":"Indian carriers, except IndiGo, need to raise $2.5 bln to survive grounding"},"content":{"rendered":"<p>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.<\/p>\n<p>&#8220;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,&#8221; CAPA India said in its latest report&#8211; Indian aviation faces massive disruption on the road out of COVID.<\/p>\n<p>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 funds could be required for recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. &#8220;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,&#8221; CAPA India said in its latest report&#8211; Indian aviation faces massive disruption on the road out of COVID. It said [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-349244","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349244"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349244\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}