Domestic airlines need $3-3.5 bn funding amid subdued travel demand: CAPA

On the fund requirements for IndiGo, which it had earlier not quantified, CAPA said, "IndiGo is likely to raise $400-650 millions by monetising its aircraft and engine assets."

Domestic airlines, excluding IndiGo, may require funding requirements to the tune of $3-3.5 billion, with travel demand likely to remain subdued until the September quarter and no certainty of revival in the second half, aviation consultancy CAPA said in a report on Friday.

The Centre for Asia Pacific Aviation (CAPA) had in late April said that Indian airlines, excluding IndiGo, will need to raise a minimum of $2.5 billion to survive the temporary grounding of the operations due to the lockdown imposed to contain Covid-19 spread.

Stating that the demand-related risks are much higher than its earlier estimates, CAPA said