Go First intends to quickly obtain a Rs 600 crore loan under the ECLGS for its operations amid increased demand for air travel.
ECLGS
SpiceJet could receive a loan of around INR 2.25 billion rupees (USD 28.2 million) this week under India’s Emergency Credit Line Guarantee Scheme (ECLGS)
The Civil Aviation Ministry is pushing to increase the credit limit available to Indian airlines under the government’s Emergency Credit Line Guarantee Scheme because it is concerned about the weak financial position of these airlines.