//...Since, even the Sun Group, the parent of SpiceJet is not ready to infuse any money into the carrier, why should MCA “request” the banks to lend Rs600 crore? The ‘request’ from the Ministry to banks for lending money to a cash-strapped carrier is unprecedented. Even the previous Manmohan Singh led United Progressive Alliance (UPA) government had not done this for the now defunct Kingfisher Airlines, that too when the carrier had an influential and well connected promoter....// moneylife.in/article/why-is-modi-govt-bailing-out-the-rich-promoters-of-spicejet-with-our-money/39846.html?utm_source=PoweRelayEDM&utm_medium=Email&utm_content=Subscriber%233837&utm_campaign=Daily%20newsletter%2017%20December%202014
Posted on: Thu, 18 Dec 2014 08:08:20 +0000
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