Cash-strapped budget airline SpiceJet will receive an additional ₹1,000 crore under the revised Emergency Credit Line Guarantee Scheme (ECLGS) enabling it to “settle the survivability debate”, according to an airline official. “The additional funding will rejuvenate SpiceJet, help it clear all statutory dues, lessor payments, induct brand new MAX planes, operate a younger fleet which […]
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Maximum credit airlines can seek has been raised from ₹400 crore to ₹1,500 crore Maximum credit airlines can seek has been raised from ₹400 crore to ₹1,500 crore The Ministry of Finance has enhanced the credit limit available to airlines under the Emergency Credit Line Guarantee Scheme (ECLGS), making them eligible for a sum equivalent […]
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“Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy facing headwinds including from Russia-Ukraine war,” sources said. “Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy facing headwinds including from Russia-Ukraine war,” sources said. Finance Minister Nirmala Sitharaman is scheduled to […]
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