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External Commercial Borrowings (ECB) for Civil Aviation Sector

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Full Text of the Document

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....ircular No. 113 dated April 24, 2012 in terms of which External Commercial Borrowings (ECB) can be raised by airline companies for working capital as a permissible end-use, under the approval route, subject to the conditions stipulated in the said Circular. The scheme was extended till December 31, 2013 vide A.P. (DIR Series) Circular No. 116 dated June 25, 2013. 2. On a review, it has been decid....

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