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Wednesday, 4 February 2015

Air India, Spicejet say banks need to reconsider lending to the airline industry

The at the recently held Centre for Aviation (CAPA) India aviation summit 2015, Indian carriers were vocal about their thoughts regarding the banking sector not actively considering the airline industry with respect to providing leading facilities and working capital to meet their long term capital requirements. The aviation industry in India did go through its share of turbulences but the business environment is changing and their is an element of positive reforms that is bringing back the confidence in this sector.

S Venkat, director-finance, Air India, was vocal about his appeal to the banking sector to reconsider their decision. He feels its time the banks reconsider their decision and provide the necessary working capital and meeting their long term capital requirements. 
04/02/15 Reema Lokesh/Financial ExpressAir India, Spicejet, Air India banks

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