New Delhi, Oct. 6 -- Indian airlines have sought urgent government intervention for the release of pending funds under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, as a sharp rise in aviation turbine fuel (ATF) prices and other operational pressures strain their liquidity and working capital.

The Federation of Indian Airlines (FIA) has urged the Ministry of Civil Aviation (MoCA) to facilitate the disbursement of the balance amounts sanctioned to eligible airlines under the scheme.

FIA said some of its member airlines have received only part of the credit sanctioned under ECLGS 5.0, while the release of the remaining amounts has been delayed in several cases due to hesitation among lending institutions.

The industry body has ...