India Offers Loan Guarantees To Aid Its Airlines

Indigo A321neo
Credit: Rob Finlayson
India’s government announced it will provide loan guarantees for airlines to help them weather the effects of the Middle East crisis. The government’s Cabinet, which is chaired by Prime Minister Narendra Modi, approved the Emergency Credit Line Guarantee Scheme (ECLGS) on May 5. While it applies to...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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