New Delhi: In what could spell more trouble for the grounded Kingfisher Airlines, the Airports Authority of India (AAI) plans to initiate the process of seizing the airline’s promoter, Vijay Mallya’s personal aircraft if it lands in Delhi.
Mallya is expected in Delhi for the Formula One races scheduled to be held on the outskirts of the National Capital later this week.
In addition, the state-owned airport operator will also write to the Directorate General of Civil Aviation (DGCA) asking it not to renew the airline’s operating licence till its outstanding dues of over Rs 250 crore have been settled.
AAI plans to seek bank guarantees equal to the amount that is outstanding from the airline before allowing it to restart, a senior official involved with initiating action against Kingfisher told Business Line.
“We have been given a free hand to act and will take appropriate action. Such a situation cannot be allowed to continue,” the official added.
23/10/12 Ashwini Phadnis/Business Line
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Mallya is expected in Delhi for the Formula One races scheduled to be held on the outskirts of the National Capital later this week.
In addition, the state-owned airport operator will also write to the Directorate General of Civil Aviation (DGCA) asking it not to renew the airline’s operating licence till its outstanding dues of over Rs 250 crore have been settled.
AAI plans to seek bank guarantees equal to the amount that is outstanding from the airline before allowing it to restart, a senior official involved with initiating action against Kingfisher told Business Line.
“We have been given a free hand to act and will take appropriate action. Such a situation cannot be allowed to continue,” the official added.
23/10/12 Ashwini Phadnis/Business Line
