Go First airlines’ resolution professional (RP) is seeking a funding of Rs 100 crore from its lenders to help keep the company afloat by meeting its operational expenses, according to a report by the Economic Times. RP Shailendra Ajmera, backed by EY, informed lenders in the committee of creditors (CoC) that the emergency funds would go towards mandatory liabilities such as insurance and repairs necessary to sustain operations
Sources informed ET that requests were made from banks based on their voting share within the CoC.
