India's airlines are heading for another big loss in FY2015 - but good news may be around the corner

With market changing airline partnerships occurring, major new entrants arriving and the prospect of genuine reforms following an historic general election, FY2015 in India promises to be no less eventful than any over the past decade.

CAPA will release its annual India Aviation Outlook on 15-Jul-2014, covering the financial year to 31-Mar-2015. It promises to be as interesting - and turbulent - as ever, with new entrants AirAsia India, Tata-SIA, a new look Jet Airways with Etihad, Air India in Star Alliance and a probable IPO by IndiGo late in 2014.

In one of the world's most complex and challenging emerging markets, CAPA's India Outlook has become an invaluable reference tool. This brief review looks at some of the major financial issues facing India's airlines.