India’s Cabinet approves ECLGS 5.0: Rs 5,000-crore airline liquidity guarantee amid jet-fuel spike and West Asia airspace curbs
India has approved ECLGS 5.0, earmarking Rs 5,000 crore for airlines to address short-term liquidity strain from surging ATF prices, currency volatility and West Asia-related airspace restrictions. The scheme provides borrower loan limits up to Rs 1,000 crore, plus an additional Rs 500 crore tied to equivalent equity infusion. SpiceJet and Akasa are reported as leading candidates.