In a significant move to support its struggling aviation sector, the Indian government has announced an emergency credit program worth ₹4,000 crore (approximately $480 million USD) for airlines affected by the turmoil stemming from the Iran war. Under this scheme, each airline can secure loans up to ₹1,000 crore, with the possibility of borrowing an additional ₹500 crore contingent on equivalent investment from the airline's owner. This initiative is part of a larger strategy by the finance ministry to provide credit guarantees on loans totaling $26.7 billion, aimed at supporting businesses, especially small firms, impacted by the conflict. The situation is particularly dire for budget airline SpiceJet, which is facing a financial crisis despite previously raising ₹3,000 crore in 2024. The airline has delayed employee salaries and grounded 37 aircraft due to financial constraints. With rising jet fuel prices and decreased flight availability to the Gulf region, Indian airlines are under significant pressure, and the government's support may be crucial for their survival.