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India's airlines seen losing more than $2.5 bn in FY13
As the Pranab Mukherjee presents his Union Budget 2012, Industry experts give their reaction.
15 Mar 2012, 02:22 PM IST 
Shinzo Nakanishi, Managing Director, Maruti Suzuki India
The Centre for Asia-Pacific Aviation (CAPA) expects India's airline industry to lose more than $2.5 billion in the next fiscal year if oil prices touch $135 a barrel, its chief executive of South Asia said.
The industry consultancy expects $2.5 billion loss for the sector in the 2011/12 fiscal year that ends on March 31, Kapil Kaul said.
Troubled Kingfisher Airlines, which has a debt of about $1.3 billion, needs at least $500 million immediately to keep flying, according to CAPA.
The debt-ridden airline would need $800 million to return to full operations, Kaul said.
Copyright @ Thomson Reuters 2012
