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.