Calcutta, March 3 :     ModiLuft Ltd will hit the skies again by June 2000. The private airline promoted by S. K. Modi, which was grounded some years back, will resume air transport services in the domestic sector after acquiring the relevant clearances. It has chalked out a revival plan which envisages a funding requirement of $ 35 million for the induction of 12 to 18 aircraft over a period of two years. Modiluft will import Boeing 737-400 aircraft for domestic services. After receiving the government's permission, the company has already initiated the process of identifying and inducting suitable aircraft. The company has also received a renewal of the no-objection certificate from the ministry of civil aviation, to operate scheduled air transport services in the domestic sector. Modiluft is being jointly advised by Khandwala Securities and Millennium Capital Management in the restructuring and execution of the revival plan and the syndication of financing.