{"id":374025,"date":"2020-09-17T11:57:07","date_gmt":"2020-09-17T06:27:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374025"},"modified":"2020-09-17T13:16:16","modified_gmt":"2020-09-17T07:46:16","slug":"indian-airlines-seek-1-5-billion-interest-free-credit-line-from-government","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-airlines-seek-1-5-billion-interest-free-credit-line-from-government\/","title":{"rendered":"Indian airlines seek $1.5 billion interest-free credit line from government"},"content":{"rendered":"<p>NEW DELHI: Indian airlines have sought interest-free credit of at least $1.5 billion from the government to enable them to cope with the loss of revenue from the coronavirus pandemic, the country&#8217;s aviation minister said on Wednesday.<\/p>\n<p>Airlines including IndiGo NSE 0.78 %, Vistara, a joint venture between Tata Sons and Singapore Airlines, SpiceJet NSE -1.88 % and state-run carrier Air India, also want the government&#8217;s help to persuade aircraft lessors to ease leasing terms, as well as a deferment of taxes and abolition of excise duty on aviation fuel, Hardeep Singh Puri said in a written statement to the parliament.<\/p>\n<p>The airlines are appealing to banks and other lenders to defer repayment of loans to the aviation industry by six months, the minister added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Indian airlines have sought interest-free credit of at least $1.5 billion from the government to enable them to cope with the loss of revenue from the coronavirus pandemic, the country&#8217;s aviation minister said on Wednesday. Airlines including IndiGo NSE 0.78 %, Vistara, a joint venture between Tata Sons and Singapore Airlines, SpiceJet NSE -1.88 % and state-run carrier Air India, also want the government&#8217;s help to persuade aircraft lessors to ease leasing terms, as well as a deferment of taxes and abolition of excise duty on aviation fuel, Hardeep Singh Puri said in a written statement to the [&hellip;]<\/p>\n","protected":false},"author":40,"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-374025","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\/374025","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374025"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374025\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}