Funding and debt▼ Bearish for Indian equities
Airlines urge govt to unlock delayed ECLGS funds
The brief
- FIA says lenders are withholding remaining ECLGS funds from eligible airlines facing liquidity pressures
- Delayed credit support could worsen liquidity for Indian airlines, including SpiceJet and Air India
Airlines seek ministry intervention to speed up delayed ECLGS 5.0 disbursements
Monday, 5 October
- Airlines urge govt to unlock delayed ECLGS funds