DGCA yet to receive Kingfisher revival plan: Ajit Singh
It is vital that the cash-strapped airline satisfies the DGCA that it has enough financial strength before resuming its operations.
New Delhi: Union Civil Aviation Minister on Tuesday said that aviation regulator Directorate General of Civil Aviation (DGCA) had not received any revival plan from the Kingfisher Airlines. It is vital that the cash-strapped airline satisfies the DGCA that it has enough financial strength before resuming its operations.
The complete revival plan of the Kingfisher Airlines has to be submitted to the DGCA, following which the aviation regulator will take a final call on it. Notably, the licence of Kingfisher Airlines is slated to expire on December 31, and also, the Cabinet Committee on Economic Affairs (CCEA) is also scheduled to discuss the issue on Saturday.
This comes a day after the Kingfisher Airlines, which is currently grounded, said that it would restart its operations very soon. The announcement was made in a statement on Monday. However, the cash-strapped airline would start its operations in a phased manner.
According to the statement released by the airline, Kingfisher would provide funding for its operation itself, and had not asked banks for any support. The company also referred to a recapitalisation plan which would be discussed with a small designated group of bankers.
- Asian Champions Trophy 2016: India Beat Malaysia 2-1 to Seal Top Spot
- Don't Invite Foreign Teams to Pakistan in Current Situation: Shoaib Akhtar
- Fadnavis 'Did not Discourage' Johar's 5 Crore 'Donation' to Army Fund
- Pakistan Summons Indian Envoy, Lodges Strong Protest Over 'Unprovoked Firing'
- Abhishek Kapoor Will Always Remain a Friend: Farhan Akhtar
- Fun to Explore the Singer in Me, Says Shraddha Kapoor
- Abhishek Kapoor Was, Is And Will Always Remain a Friend: Farhan Akhtar
- Quetta Terror Attack: 3 Terrorists Killed, Over 60 Dead
From Our Network
- Samajwadi Party drama enters 5th day: Akhilesh-Shivpal feud sparks SP-Congress alliance ahead of UP polls- FirstPost
- Diwali gift for commuters, DND flyway made toll free after Allahabad High Court order - Pradesh18
- Inspiring: Shahdol man, who lost both arms in an accident, drives auto-rickshaw to earn living - Pradesh18