The soaring cost of jet fuel has significantly added to the misfortunes of the majority of airlines in India. Indian lenders are reported to be closely monitoring the health of the country’s airlines to make sure costs don’t go out of control and they are able to repay their restructured debt. As the likelihood of airlines defaulting on even their restructured loans, Indian banks are less likely to be willing to lend further working capital. This is bad news for Kingfisher Airlines and Air India which both have plans to raise working capital loans. The worry for passengers is that

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