{"id":351382,"date":"2020-05-15T11:17:42","date_gmt":"2020-05-15T05:47:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351382"},"modified":"2020-05-15T11:57:44","modified_gmt":"2020-05-15T06:27:44","slug":"domestic-aviation-industry-will-need-up-to-rs-35000-crore-additional-funding-in-fy21-23-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/domestic-aviation-industry-will-need-up-to-rs-35000-crore-additional-funding-in-fy21-23-icra\/","title":{"rendered":"Domestic aviation industry will need up to Rs 35,000 crore additional funding in FY21-23: Icra"},"content":{"rendered":"<p>Mumbai: The domestic aviation industry, which has been impacted by coronavirus pandemic and subsequent lockdown, will require an additional funding worth Rs 32,500 to 35,000 crore during FY21-23, according to rating agency Icra. It also said the industry-level debt is expected to increase to Rs 465 billion (around Rs 46,500 crore) over FY 2021-22.<\/p>\n<p>At the same time, the industry is expected to report revenue de-growth of 44 per cent and a negative CAGR (compound annual growth rate) of 26 per cent in 2021-2023, Kinjal Shah, Vice President at Icra, said during a webinar on Thursday.<\/p>\n<p>&#8220;Considering the daily net loss of Rs 75-Rs 90 crore during the shutdown of operations and the expected weak demand, the Indian aviation industry will require additional funding of Rs 325-350 billion (Rs 32,500 to 35,000 crore) over FY2021-23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The domestic aviation industry, which has been impacted by coronavirus pandemic and subsequent lockdown, will require an additional funding worth Rs 32,500 to 35,000 crore during FY21-23, according to rating agency Icra. It also said the industry-level debt is expected to increase to Rs 465 billion (around Rs 46,500 crore) over FY 2021-22. At the same time, the industry is expected to report revenue de-growth of 44 per cent and a negative CAGR (compound annual growth rate) of 26 per cent in 2021-2023, Kinjal Shah, Vice President at Icra, said during a webinar on Thursday. &#8220;Considering the daily net [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-351382","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351382","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351382"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351382\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}