Kingfisher Airlines auditors B K Ramadhyani & Co stated (14-Nov-2011) the carrier will have to infuse more funds into the carrier for it to remain operational (PTI, 22-Nov-2011). The carrier's ability to meet its financial obligations depends on fresh infusion of funds, B K Ramadhyani & Co said. Referring to a statement by Kingfisher that while its net worth has eroded the financial results have been prepared on a "going concern basis", the auditors said: "The appropriateness of the said basis is inter alia dependent on the company's ability to infuse the requisite funds for meeting its obligations." [more - original PR]
Kingfisher Airlines auditors notes need for fresh infusion of funds
You may also be interested in the following articles...
India is driving expansion in South Asia
Aviation activity in South Asia in 2017 is expected to be dominated once again by India, currently the fastest growing large market in the world. As India goes through one of the brightest periods of its economic and aviation growth, the prospects look more positive for sustainable growth than recent history has delivered.
CAPA India Aviation Outlook 2017/18: Surging traffic but infrastructure constraints become critical
India’s status as the fastest growing aviation market in the world creates tremendous opportunities. But risks are also heightened as the inadequacy of India’s infrastructure planning, a fast emerging shortage of skills, flawed policy initiatives, and weak regulatory oversight threaten to become major stumbling blocks. The potential is enormous; but unless government bites the bullet, it will be seriously constrained.
This report is a short extract from CAPA's comprehensive 200-page India Aviation Outlook Report FY2017/18, to be released in Feb-2017 at the CAPA India Aviation Summit. The Outlook includes CAPA's projections for traffic, capacity, yields and earnings and presents fleet induction plans, detailed operating and financial analysis and risk assessments of each Indian airline and airport operator. The report also includes analysis of policy and regulatory issues.