Indian airline industry expected to suffer huge debt burden
The Indian airline industry is expected to suffer a huge debt burden of $ 20 bn in 2011-12, with the Planning Commission recommending ``significant and continuous investment'' to give a boost to the cash-strapped sector.
Civil Aviation minister Vayalar Ravi has reportedly said that Air India does not have the money to pay for the 27 Boeing planes and Air India will not increase its debt burden right now.