Aviation

ECLGS: SpiceJet, GoAir, other aviation firms guaranteed support of Rs349 crore

By Livemint

Aviation companies, including airlines such as SpiceJet and GoAir, have been provided guaranteed support to the extent of about Rs349 crore under the government’s Emergency Credit Line Guarantee Scheme (ECLGS), minister of state for civil aviation VK Singh told the Rajya Sabha on Wednesday.

Responding to a query, Singh said while no funds have been separately allocated to the civil aviation sector, borrowers from the sector have been provided with guaranteed support of up to Rs349 crore as of 16 July, as per information from National Credit Guarantee Trustee Company Limited (NCGTC).

According to data submitted by Singh, SpiceJet Limited has been guaranteed an amount of Rs127.52 crore, while Bird Worldwide Flight Services Mumbai Private Limited, a unit of Bird Group that operates ground handling services at Mumbai airport, has been guaranteed an amount of Rs8.5 crore under ECLGS 3.0. A total of Rs136 crore has been guaranteed under ECLGS 3.0.

Meanwhile, a net amount of Rs213 crore has been guaranteed to as many as eight companies under ECLGS 2.0. These include CAE Simulation Training Private Limited ( ₹18.40 crore), Aerostructures Manufacturing India Private Limited ( ₹45.19 crore), Bengal Aerotropolis Project Limited ( ₹16.36 crore), Suad Forging India Private Limited ( ₹3.5 crore), WAISL Limited ( ₹26 crore), Go Airlines (India) Limited ( ₹25.65 crore), Flight Simulation Technique Centre Private Limited ( ₹44.14 crore), Air Works India Engineering Private Limited ( ₹11.07 crore), VEM Technologies Private Limited ( ₹1.93 crore), Rossell India Limited ( ₹18.31 crore) and Alpha Design Technologies Private Limited ( ₹2.50 crore).

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