Tuesday, October 16, 2012

DGCA rejects Kingfisher Airlines' winter schedule

New Delhi: The civil aviation regulator DGCA has rejected giving an approval to the winter schedule of flights for Kingfisher AirlinesBSE 5.00 %, a government statement said on Wednesday.
Last year, the Vijay-Mallya owned carrier operated 2930 flights per week.
Though this year's winter schedule of Indian scheduled carriers has shrunk by almost one-fifth compared with last year's with the withdrawal of Kingfisher's capacity from the market, full service airlines like Jet AirwaysBSE -0.52 % and Air India have lowered capacity, while budget carriers have increased the same vis a vis 2011.
"There is reduction of flights in Winter Schedule 2012 vis-a-vis Winter Schedule 2011 by about 19%," an official release said.
On the whole, Indian scheduled carriers will offer 10,935 departures per week as opposed to 13, 541 last year.
17/10/12 Economic Times


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