On 9 June, the airline’s committee of creditors (CoC) met and decided to await approval from Directorate General of Civil Aviation’s (DGCA) before sanctioning additional loans.
While it is estimated that the airline might need ₹200 crore to resume flying, the people cited above said the quantum of additional finance would depend on the scale of operations the airline plans to run at the moment.
“There is no point in lending more if the regulator is not satisfied with the plan," said one of the people.
The airline has submitted a plan to the DGCA, which aims at starting with five aircraft and further increase it to 25 aircraft over a period of time, depending on a lot of factors, including funds for operations.
Denne historien er fra June 13, 2023-utgaven av Mint Mumbai.
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Denne historien er fra June 13, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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