The fiasco at Kingfisher has brought to light the financial doldrums that the aviation industry in India is in. Will the high debt levels weigh too heavy for some of the players to take flight? CNBC-TV18 catches up with the management of Jet Airways to figure out where they are headed.
Speaking to the channel, M Shiv Kumar, senior vice-president (finance) of Jet Airways says that rupee depreciation has impacted debt levels for the company. Current debt in books for Jet Airways stands at Rs 14000 crore.
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