Sunday, February 19, 2012

DGCA starts enquiry into KFA flight cancellation

In a more trouble for cash-strapped Kingfisher Airlines , the Directorate General of Civil Aviation (DGCA) has started an enquiry in to the cancellation of flights. Sources have said that the DGCA has asked for a full report by Sunday evening.
Kingfisher cancelled scheduled flights without informing regulator in clear violation of rules. Civil Aviation Minister is being consulted on what action to take. Sources said that the termination of Kingfisher license is possible if situation deteriorates further.
But the airline, however, denied that it is in trouble. CEO Sanjay Aggarwal said the situation will improve a week from now. "We are not going to pull out operations from any base and about 10 aircraft will be back in service soon. We are in talks with investors and the airline will soon get recapitalised," he said.
"Admittedly there have been flight disruptions since Saturday which will continue for four days due to unexpected events including bird strikes which rendered aircraft out of service. We, therefore could only operate 208 daily flights. The speculative queries that we are reducing our operating schedule from 240 flights a day are ill-founded as we will operate the full schedule on our booking system within the next 4 days," he added.
However, he confirmed that the airlines' bank accounts were attached by the tax authorities.
19/02/12 IBN Live/moneycontrol.com
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