Amid GoFirst insolvency, SpiceJet to borrow ₹400 cr to revive 25 grounded planes
SpiceJet says funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme and better cash accruals
SpiceJet says funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme and better cash accruals
The increase has been done on account of the severe disruptions caused by the Covid-19 pandemic on hospitality and related enterprises.
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.