News > GoFirst’s flight resumption delayed as lenders hesitate on funds release

GoFirst’s flight resumption delayed as lenders hesitate on funds release

The resumption of GoFirst’s operations is being held up as its lenders are yet to release funds needed to restart flights, sources told. In the absence of working capital, the airline would not be in a position to reclaim its slots or pay for fuel on a ‘cash and carry’ basis. The Committee of Creditors (CoC) is said to be in the process of finalising a funding plan to help the airline restart operations.