Go First seeks up to $122 mn in additional funds: Banking sources
MUMBAI (Reuters) -Indian airline Go First, which is under bankruptcy protection as it tries to resume operations, has sought additional funds at a lenders meeting on Wednesday, banking sources told Reuters.
The airline is asking for between 4 billion and 6 billion Indian rupees ($122 million) in additional funds, the sources said, with lenders expected to evaluate proposals in the next 48 hours.
None of the bankers wished to be identified because they were not authorised to speak to the media.
Go First plans to resume operations in July and operate 78 daily flights with 22 aircraft, one of the bankers said, adding that the airline will also require approval from India’s aviation watchdog.
