“Profitability is unlikely in the near to medium term unless there is a change in market conditions and government policy,” the Sydney-based consultant added.
Industry experts, however, said India’s central bank is unlikely to relax overseas borrowing norms for the aviation industry for a single airline.
Adani was in Kerala for the signing of the concession agreement between the state government and Adani Ports and Special Economic Zone Ltd.
At list prices, total order size equals $26.55 billion. However the actual deal value will likely be much less, thanks to high number of planes ordered.
Air India will face delay in getting delivery of its Boeing Dreamliner planes, as it lost slots while deciding on whether to switch.
Cox & Kings plans to list its UK-based travel subsidiary PGL and German hotel arm Meininger Shared Services GmBH in the next few years.
In terms of volume, 14.05 lakh shares of the company changed hands on BSE and over 66 lakh shares were traded on NSE during the day.
Jet Airways posted its biggest standalone quarterly net profit in close to nine years, helped primarily by a fall in fuel costs, the biggest cost chunk.
The company is also on a comfortable balance sheet position now, having almost halved its debt in the last one year.
"The issue has been resolved. Normal operations will begin from tomorrow," Neeraj Bansal, deputy chairman at JNPT or Nava Sheva told ET.
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