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Companies providing support services to airlines have initiated discussions with banks to raise debt under the modified Emergency Credit Line Guarantee Scheme (ECLGS). On Sunday the government announced that companies in the civil aviation sector which are facing headwinds would be able to borrow up to Rs 200 crore of fresh loans under the scheme. Aviation sector sources and bankers say that the expanded scheme could address the financing requirements of ancillary units in the civil aviation sector whose financing requirements are lower than those of airlines. “Since ECLGS scheme has been made available to the civil aviation sector, we are evaluating the funding options and our team is in discussion with banks to understand the modified scheme. We will be able to take a call once we have more clarity on the terms. The sector should be given another round of bank moratorium,” said Murali Ramachandran, India CEO of Celebi Aviation which provides ground handling services to ai

Subodh raiD anand bhaskarMurali ramachandranAirport authority of indiaEmergency credit line guarantee schemeCelebi aviationFair worksAir turbine fuelAirport authorityEmergency credit line guarantee scheme eclgsCivil aviationFunding optionsசுபோத் ராய்ட ஆனந்த் பாஸ்கர்முரளி ராமச்சந்திரன்விமான அதிகாரம் ஆஃப் இந்தியா