{"id":370365,"date":"2020-08-28T10:19:16","date_gmt":"2020-08-28T04:49:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370365"},"modified":"2020-08-28T10:19:16","modified_gmt":"2020-08-28T04:49:16","slug":"airlines-seeking-debt-recast-likely-to-face-headwinds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airlines-seeking-debt-recast-likely-to-face-headwinds\/","title":{"rendered":"Airlines seeking debt recast likely to face headwinds"},"content":{"rendered":"<p>NEw Delhi\/Mumbai: Inadequate collateral and weak cash flows are likely to be key challenges for airlines seeking one-time loan restructuring after the loan moratorium ends on 31 August, bankers and airline executives said.<\/p>\n<p>The Reserve Bank of India (RBI) has appointed a five-member panel led by former ICICI Bank chief executive K.V. Kamath to prepare a report by 6 September on the criteria to recast covid-19 related stressed accounts. Airlines remain engaged with lenders, but a final decision can be taken only after the committee\u2019s recommendations.<\/p>\n<p>Airlines are in desperate need for working capital, but bankers are not very keen to fund the recovery of the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEw Delhi\/Mumbai: Inadequate collateral and weak cash flows are likely to be key challenges for airlines seeking one-time loan restructuring after the loan moratorium ends on 31 August, bankers and airline executives said. The Reserve Bank of India (RBI) has appointed a five-member panel led by former ICICI Bank chief executive K.V. Kamath to prepare a report by 6 September on the criteria to recast covid-19 related stressed accounts. Airlines remain engaged with lenders, but a final decision can be taken only after the committee\u2019s recommendations. Airlines are in desperate need for working capital, but bankers are not very keen [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-370365","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370365","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370365"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370365\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}