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Clearing the financial runway for airlines to take off

Airlines are roaring back to life as travel picks up, but they continue to demand relief from the government. What gives and should the govt bow to their demands? 

November 22, 2021 / 12:11 PM IST
Clearing the financial runway for airlines to take off

Representative image

A few days ago, IndiGo chief Ronojoy Dutta told a business daily that the aviation sector was improving rapidly. He pointed out that with improved cash flows, the airline may not need the Rs 3000 crore it sought to raise from a qualified institutional placement (QIP) proposed during one of the grimmer moments of the COVID crisis. He added that if the airline projects its future cash flows, they are only rising. A similar sentiment was echoed by a release...

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