Go First is now looking to restart its flight operations by the end of this month. The ailing airline, which filed for voluntary insolvency on May 3, is hopeful that the new interim resolution professional, appointed by the committee of creditors (CoC) last week, will shortly give approval to its revival plan, which will subsequently be cleared by the lenders.
The lenders are also expected to approve the additional funding sought by the airline. Sources said that the carrier is looking at an interim funding of `200-400 crore to restart operations.
As reported by FE, Go First had earlier submitted a revival plan, which had the approval of the previous IRP, to the directorate general of civil aviation (DGCA).
