Aerospace Diary

AINONLINE by    NEELAM MATHEWS Dinesh Keskar, Boeing Commercial Airplanes’ senior v-p of sales for Asia Pacific and India. [Photo: Neelam Mathews] March 13, 2014, 4:35 PM Airbus and Boeing released their outlooks for the Indian airliner market over the next two decades on at the India Aviation show in Hyderabad this week, with both  OEM s estimating different figures. Boeing forecast demand in India for 1,600 new airplanes worth $205 billion, with the country’s fleet expected to grow more than five times in size over the next 20 years, while Airbus estimated a slightly more conservative 1,290 aircraft worth $190 billion. “India’s demographics are highly favorable to the growth of air transportation,” said Dinesh Keskar, Boeing Commercial Airplanes’ senior vice president of sales, Asia Pacific and India. “The share of India’s large population entering the workforce is growing and India could have the world’s fourth-largest econom...

Credit- CAPA Carrier Auditor’s report Kingfisher Airlines Kingfisher Airlines' auditors have raised concern over its ability to remain a "going concern", stating it would need to inject more funds to remain in such a position. "The financial statements being prepared on a going concern basis, notwithstanding the fact that the company's net worth is eroded. The appropriateness of the said basis is inter-alia dependent on the company's ability to infuse the requisite funds for meeting its obligations," BK Ramadhayani & Co said in its report. Kingfisher Airlines chairman and MD Vijay Mallya, upon the release of the carrier's unaudited financial results for the nine months ended 31-Dec-2011, conceded that the company has "incurred substantial losses and its net worth has been eroded". He continued: "However, having regard to capital raising plans, group support, the request made by the Company to its bankers for fur...