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The Times of India
The Times of India
Business
Saurabh Sinha | TNN

SpiceJet may get Rs 225 crore ECLGS lifeline next week

SpiceJet Boeing New Delhi

NEW DELHI: Struggling to survive SpiceJet may receive about Rs 225 crore lending under “emergency credit line guarantee scheme” (ECLGS) next week.

Sources in the airline claim this money will be “used to clear statutory dues and lessor payments” and that a new chief financial officer (CFO) will join next week.

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