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Airlines can raise up to $1 bn for working capital: Govt

Last Updated: Thursday, April 19, 2012, 18:35

As a relief to cash-strapped airlines, the government on Thursday said it will allow them to raise even working capital resources through external commercial borrowings (ECBs) route.

Govt to support struggling aviation sector: Report

Last Updated: Friday, January 06, 2012, 09:28

Civil Aviation Minister Ajit Singh has said that the government will not cancel licences of cash-strapped carriers on safety concerns, a daily business newspaper reported on Friday.

Kingfisher to get $47 million loan from Sahara: Report

Last Updated: Saturday, December 17, 2011, 15:31

The Sahara group will give a loan of more than Rs 2.5 billion to cash-strapped Kingfisher Airlines, to help the carrier continue operations, a daily newspaper reported on Saturday, citing sources.