Wednesday, January 16, 2013

Kingfisher Airlines fails to provide details on financing revival plan


New Delhi: Grounded Kingfisher Airlines today made another attempt to convince DGCA on its revival plans, but failed to provide any details on its funding which the aviation regulator wanted.
Kingfisher CEO Sanjay Agarwal met Director General of Civil Aviation (DGCA) Arun Mishra here for 45 minutes to apprise him of the prevailing scenario facing the airline, butsources said he gave no information about any commitment by the airline's parent company, UB Group, on financing the revival plan.
The sources said Agarwal told the regulator that the airline would be ready to resume operations from the Summer Schedule, that begins in April.
The Kingfisher chief said the airline has not received no-objection certificates from any of the airport operators,including the Airports Authority of India, though he claimed that some of the oil companies and aircraft leasing companies have given it a go-ahead.
16/01/13 PTI/Indian Express
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