Civil Aviation Minister Ajit Singh Wednesday said Kingfisher Airlines (KFA) will have to convince the aviation regulator with a revival plan for renewal of its flying permit.
“If Kingfisher wants to fly again, they have to satisfy the DGCA,” Ajit Singh told reporters on Wednesday.
Kingfisher Airlines' flying licence expired Monday.
Ajit Singh said that no bank was willing to lend to the airline, which has a debt of more than Rs7,000 crore and accumulated losses of over Rs.10,000 crore.
The minister said a complete shutdown would cause collateral damage to many stakeholders.
“(I) sympathise with (the) employees of Kingfisher,” said the minister about the airline staff whose salary dues have accumulated for several months.
02/01/13 IANS/Daily News & Analysis
