Shifting Sands of Indian Aviation

Following a request by Jet Airways the Indian Civil Aviation Ministry has sought approval from the Finance Ministry to increase the Reserve Bank of India $300m non-resident lending cap for individual scheduled airline companies seeking working capital through external commercial borrowing. So we can take it that Jet Airways requires another capital infusion from Etihad, having already reached its $300 million limit long ago. It should also be added that with Indian airline sector increasing in size by the year the RBI set $1bn total cap on debt taken from overseas for the entire scheduled airline sector is looking outdated