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Go First lenders to review flight plan tomorrow

The committee of creditors (CoC) to distressed airline GoFirst will, on June 21, review the airline’s plans to resume operations and consider its funding requirements. Directorate General of Civil Aviation (DGCA) has asked the airline to submit a flight resumption plan, which has been ratified by lenders. Go First has undrawn limits of about Rs 200 crore under the government’s emergency credit line guarantee scheme (ECLGS), which was introduced to support sectors, like travel and tourism, adversely impacted by the pandemic.