Mallya discusses Kingfisher revamp plan with DGCA

New Delhi: Weeks after the aviation regulator warned Kingfisher not to compromise on aviation safety, its promoter Vijay Mallya today met DGCA top brass here and discussed the financial and operational recovery plan of the cash-strapped airline.
"He [Mallya] has a recovery plan. It is up to us to see that he keeps to the plan," DGCA Chief EK Bharat Bhushan told PTI after over an hour-long meeting.
Sources said the airline's plans for its recapitalisation, restoring its curtailed services and the steps being taken by it on safety issues came up for in-depth discussion.
The summer schedule of Kingfisher is also understood to have been discussed at today's meeting, with the airline believed to have informed the regulator that it would operate 40 planes out of its 64-strong fleet, implying curtailment of the number of flights to be operated by it.
In the Winter Schedule which is in operation till March end, DGCA withdrew as many as 157 slots of Kingfisher which it was not operating as 21 of its planes were grounded.
25/01/12 PTI/Business Standard

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Categories: Kingfisher Jan 2012