Extension of scheme of External Commercial Borrowings (ECB) for working capital for Civil Aviation Sector by airline companies till 31-3-2016.

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Full Text of the Document

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....d Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular 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 initially till December 31, 2013 vide A....