SpiceJet receives ₹150 cr from Bank of India under ECLGS: Report

Budget airline SpiceJet has received ₹150 crore from Bank of India under the Emergency Credit Line Guarantee Scheme (ECLGS), NDTV Profit reported. The disbursement is the first tranche of a proposed ₹500 crore funding package for the airline. The remaining ₹350 crore is expected to be released in phases as SpiceJet works to improve liquidity and operations.