Policy▲ Bullish for Indian equities
West Asia Crisis: FIA Flags 'Unprecedented' Financial Impact On Airlines, Seeks Urgent Govt Intervention
The brief
- FIA seeks urgent government intervention over airlines’ “unprecedented” financial impact from the West Asia crisis
- It wants domestic aviation turbine fuel priced on a cost-plus basis
- Fuel pricing relief could aid Indian airlines, including SpiceJet and Akasa Air
- West Asia Crisis: FIA Flags 'Unprecedented' Financial Impact, Seeks Urgent Govt Intervention
- Sebi CAS review draws over 20K responses; traders resist VWAP shift
Airlines seek faster ECLGS 5.0 loan disbursements
SpiceJet received ₹150 crore under ECLGS 5.0, while the Federation of Indian Airlines sought faster release of government-backed loans as airlines face liquidity pressures and rising costs. FIA asked the Civil Aviation Ministry to intervene over delayed disbursements.
Tuesday, 6 October
- West Asia Crisis: FIA Flags 'Unprecedented' Financial Impact On Airlines, Seeks Urgent Govt Intervention