New Delhi: The Directorate General of Civil Aviation (DGCA) has asked cash-strapped Kingfisher Airlines to clear employees' dues at one go before being allowed to resume operations. The airline's flying licence expired on Monday.
Kingfisher Airlines submitted a third revival plan on December 24 to save its licence, but the aviation regulator found it unconvincing and demanded reassurances from the company besides setting many preconditions on December 29.
"DGCA asked Kingfisher Vice-President Hitesh Patel to clear all employees' dues up front. It also demanded a letter of financial commitment from the UB Group and Kingfisher that it would invest 652 crore," a senior government official, who did not wish to be named, told ET.
01/01/13 Anindya Upadhyay/Economic Times
