3 Indian airlines to need Rs 50,000 crore in 3 years to buy planes

Three major domestic carriers — Air India, Kingfisher Airlines and Jet Airways — will together require around $10-12 billion (Rs 47,000-Rs 560,000 crore) over the next two-three years to fund their aircraft acquisition plans, an aviation think tank has said.

Despite this, Indian carriers are expected to place fresh aircraft orders at the forthcoming Farnborough Airshow in the United Kingdom starting later this month, it said. Source

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