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Airlines seek govt help to secure credit from oil firms and airports: report

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Airline companies in the country are seeking government help to obtain unsecured credit from oil firms and airports, reported Bloomberg.

Airlines seek govt help to secure credit from oil firms and airports: report
Airline companies in the country are seeking government help to obtain unsecured credit from oil firms and airports, reported Bloomberg.
The development comes as fuel-price increases push aviation firms deeper into losses, the report said citing a letter sent by Federation of Indian Airlines (FIA) to the aviation ministry.
Due to competition and aggressive pricing, the airlines are “facing challenging times and substantial losses in the domestic environment,” the letter said according to the report.
Ujjwal Dey, the spokesperson of the group consisting of Jet, IndiGo, SpiceJet and Go Airlines India confirmed the existence of the letter, the report added.
 
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