BusinessSpiceJet Receives Rs 150 Crore Under ECLGS 5.0; FIA Seeks Faster Credit Disbursement
SpiceJet has received an initial Rs 150 crore disbursement under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, with Rs 350 crore still pending. The Federation of Indian Airlines (FIA) has urged the Civil Aviation Ministry to expedite credit disbursement and support member airlines to access funds quickly. Timely liquidity is crucial for airlines to meet operational and working capital needs.
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