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The Economic Times

Economy / The Economic Times

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Centre offers to bail out airlines with Rs 4,000-crore loan

India plans a 4,000 crore emergency credit scheme for airlines, offering sovereign guarantees of up to 1,000 crore per carrier to ease stress from the Iran war. Additional loans will require promoter funding. The move comes as rising fuel costs and curtailed West Asia routes hit operations. SpiceJet is likely to benefit most amid financial strain, while lenders remain cautious given past airline bankruptcies.

15 Apr 2026 12:37 am