India's SpiceJet is seeking government funds to tide over coronavirus crisis

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India's SpiceJet is seeking government funds to tide over coronavirus crisis
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The Indian aviation industry is in crisis mode as the country's extended lockdown measures to reduce the spread of the coronavirus has left all passenger planes grounded till at least May 3.

has asked the government for relief to ease the strain on its cash flow as it seeks to navigate the challenges brought on by the coronavirus, chairman and managing director Ajay Singh said Friday.

Like other countries, India's airlines are in crisis as the country's extended lockdown measures to reduce the spread of the coronavirus has left all passenger planes grounded till at least May 3, leading to a depletion of cash reserves for the airlines. "We've asked for some issues which relate to cash flow, which is, of course, in short supply at this time," Singh said. "We have asked them to help out with some of the salary payments, we've asked them to help ... with some of the airport charges."

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