Now, licence trouble may clip Kingfisher wings further

New Delhi: Cash-strapped Kingfisher could now be headed for serious trouble that may put a question mark on its operations. With its financials showing no sign of improvement, the Directorate General of Civil Aviation (DGCA) is going to evaluate the overall condition of the airline. Aviation ministry top brass says the airline's flying licence could be suspended if it fails to maintain the skeletal schedule it has been operating for some time now. A decision may be taken by next week.
"We are very concerned about the state of finances (of Kingfisher). The management assured us that the financial condition would improve in weeks then months but that does not appear to be happening. Employees are not being paid for months. Our concerns are growing from safety perspective. We cannot be idle spectators and some decision may have to be taken very soon," DGCA chief Bharat Bhushan told TOI.
07/07/12 Saurabh Sinha/Times of India

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Categories: Kingfisher Jul 2012