Banking sources told Reuters that Go First, an Indian airline under bankruptcy protection, requested more funding during a Wednesday lenders meeting.
According to insiders, the airline seeks between 4 billion and 6 billion Indian rupees ($122 million) in more financing. Lenders will assess proposals in 48 hours.
The bankers didn’t want to be identified because they couldn’t speak to the media.
One banker claimed Go First aims to resume operations in July with 78 daily flights and 22 aircraft, requiring certification from India’s aviation body.
A second banker said regulatory permissions and other circumstances would determine the resumption of operations.
The Go First bankruptcy filing mentions the Central Bank of India (CBI.NS), Bank of Baroda (BOB.NS), IDBI Bank, and Deutsche Bank (DBKGn.DE) as creditors due 65.21 billion rupees.
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