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of <h1>Airlines Can Raise External Commercial Borrowings for Working Capital Until March 31, 2015, Under Extended Scheme.</h1> The circular informs all Category-I Authorized Dealer Banks about the continuation of the scheme allowing airline companies to raise External Commercial Borrowings (ECB) for working capital in the civil aviation sector. Initially set to expire on December 31, 2013, the scheme has been extended until March 31, 2015. All conditions outlined in the previous circular dated April 24, 2012, remain unchanged. Banks are instructed to inform their clients about this extension. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect any other required permissions or approvals.
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