The committee of creditors (CoC) for Go First Airlines has approved an in-principle interim funding of ₹425 crore so that the grounded carrier, the first in the country to voluntarily seek bankruptcy protection, manages to fly again soon.
The funding is, however, subject to the carrier being given a no-objection certificate (NOC) by the Directorate General of Civil Aviation (DGCA). Permissions linked to the funding are the DGCA’s green light to allow the airline to fly and a security clearance.
