The auditors of India's biggest carrier
Jet Airways have warned that
the airline needs to raise funds in the future to meet its obligations, reports said.
Deloitte Haskins & Sells and Chaturvedi & Shah said that raising money is crucial if
Jet 's accounts have to be prepared on a "going concern basis" in the future, according to the reports.
The airline sector in India is battling rising
fuel costs and a debt burden amid a domestic economic slowdown. Besides, a falling rupee is making it tough for them to raise funds abroad.
Perspective: What ails Indian aviation The country's largest private air carrier Jet Airways posted a net loss of Rs 713.60 crore for the second quarter of 2011-12, due to high prices of aviation turbine fuel and a depreciating rupee. The company had reported a loss of Rs 123.16 crore in the April-June quarter.
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