{"id":518999,"date":"2022-09-03T10:38:20","date_gmt":"2022-09-03T05:08:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518999"},"modified":"2022-09-03T10:38:20","modified_gmt":"2022-09-03T05:08:20","slug":"spicejet-may-get-rs-225-crore-eclgs-lifeline-next-week","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-may-get-rs-225-crore-eclgs-lifeline-next-week\/","title":{"rendered":"SpiceJet may get Rs 225 crore ECLGS lifeline next week"},"content":{"rendered":"<p>NEW DELHI: Struggling to survive SpiceJet may receive about Rs 225 crore lending under \u201cemergency credit line guarantee scheme\u201d (ECLGS) next week.<br \/>\nSources in the airline claim this money will be \u201cused to clear statutory dues and lessor payments\u201d and that a new chief financial officer (CFO) will join next week.<br \/>\n\u201cFund raise process has started in full earnest,\u201d the source added.<br \/>\nThe airline says delivery of new Boeing 737MAX will start soon. However, it has been claiming that since last winter.<br \/>\nIndustry sources say the question is whether it can manage to finance those aircraft.<br \/>\n\u201cLessors know the situation in airlines and are extra cautious when it may seem that an airline is doing sale and lease back of aircraft only to rase funds through that methods,\u201d said an industry insider.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Struggling to survive SpiceJet may receive about Rs 225 crore lending under \u201cemergency credit line guarantee scheme\u201d (ECLGS) next week. Sources in the airline claim this money will be \u201cused to clear statutory dues and lessor payments\u201d and that a new chief financial officer (CFO) will join next week. \u201cFund raise process has started in full earnest,\u201d the source added. The airline says delivery of new Boeing 737MAX will start soon. However, it has been claiming that since last winter. Industry sources say the question is whether it can manage to finance those aircraft. \u201cLessors know the situation [&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":[220,130,137],"tags":[],"class_list":["post-518999","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518999","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=518999"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518999\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}