The Directorate General of Civil Aviation (DGCA) has asked Go First to come up with a plan to resume its services after getting approval from the committee of creditors (CoC), Financial Express (FE) reported. The aviation regulators clarified that the plan needs to be approved by the CoC before it takes it into consideration.
The CoC is expected to meet on Friday for their first meeting. Primary lenders to the troubled airline include the Central Bank of India, Bank of Baroda, IDBI Bank, and Deutsche Bank. According to its submission to the National Company Law Tribunal (NCLT), GoFirst owes Rs 6,521 crore to its creditors.
