New Delhi: Kingfisher may have told bankers on Monday that it plans to restart limited operations by infusing Rs 425 crore in phases, but implementing the same may not be easy. Senior DGCA officials said on Tuesday they have not received any formal proposal from KFA to restart operations and they added the rider that the airline will need to first get the nod from airport operators, oil companies, employees and other vendors before being allowed to fly again.
Getting these stakeholders, especially airports, on board without clearing their dues may be difficult. Kingfisher chief Vijay Mallya last week wrote to Airports Authority of India (AAI), requesting the PSU not to pursue the cheque bounced cases it has filed against the airline as it is preparing to fly again.
Kingfisher owes about Rs 300 crore to AAI and cheques issued for Rs 117 crore have bounced. The authority has turned down Mallya's request and replied to his letter, saying that the matter is sub-judice and will be pursued in court.
19/12/12 Times of India
