Srinivasa Venkat, director of finance at Air India has disclosed to the audience at CAPA – Airline Fleet and Finance Summit 2014 that the airline does not have a strong enough balance sheet to raise finance on its own back and so will need to rely on a sovereign guarantee from India's Government for its fleet acquisition programme.
Air India financing options depend on sovereign guarantee
Srinivasa Venkat, director of finance at Air India has disclosed to the audience at CAPA – Airline Fleet and Finance Summit 2014 that the airline does not have a strong enough balance sheet to raise finance on its own back and so will need to rely on a sovereign guarantee from India's Government for its fleet acquisition programme.