{"id":346402,"date":"2020-04-13T10:48:31","date_gmt":"2020-04-13T05:18:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346402"},"modified":"2020-04-13T10:48:31","modified_gmt":"2020-04-13T05:18:31","slug":"covid-19-crisis-indian-airlines-hold-on-to-rs-6000-crore-to-avoid-hard-landing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-crisis-indian-airlines-hold-on-to-rs-6000-crore-to-avoid-hard-landing\/","title":{"rendered":"Covid-19 crisis: Indian airlines hold on to Rs 6,000 crore to avoid hard landing"},"content":{"rendered":"<p>Mumbai: India\u2019s airline companies are estimated to be holding about \u20b96,000 crore from payment for bookings made before all travel was suspended to curb the spread of Covid-19, according to aviation consultants and senior industry executives.<\/p>\n<p>These funds, along with some short-term loans, are helping airlines stay afloat, they said. IndiGo is the exception \u2014 it has more free cash than almost all its rivals combined (\u20b9 9,000 crore at the end of December).<\/p>\n<p>Carriers have allowed customers to cancel tickets without penalties but they\u2019ve been offered credit vouchers rather than cash refunds, said the people cited above.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: India\u2019s airline companies are estimated to be holding about \u20b96,000 crore from payment for bookings made before all travel was suspended to curb the spread of Covid-19, according to aviation consultants and senior industry executives. These funds, along with some short-term loans, are helping airlines stay afloat, they said. IndiGo is the exception \u2014 it has more free cash than almost all its rivals combined (\u20b9 9,000 crore at the end of December). Carriers have allowed customers to cancel tickets without penalties but they\u2019ve been offered credit vouchers rather than cash refunds, said the people cited above.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-346402","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=346402"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346402\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}