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HindustanTimes Fri,18 Apr 2014

KFA seeks to fly again, submits revival plan before DGCA

HT Correspondent, Hindustan Times  New Delhi, April 10, 2013
First Published: 17:03 IST(10/4/2013) | Last Updated: 21:43 IST(10/4/2013)

Grounded Kingfisher Airlines (KFA) has submitted yet another revival plan to aviation regulator, the Directorate General of Civil Aviation (DGCA), to restart operations.

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Kingfisher's chief executive officer Sanjay Aggarwal met DGCA chief Arun Mishra on Wednesday and requested that the airline's flying licence be renewed. The Vijay Mallya-owned airline hasn't operated a single flight since October last year and its flying licence lapsed on December 31.

The airline had submitted a revival plan to the DGCA in December, which had been rejected by the regulator.

Kingfisher had failed to get no-objection certificates from the Airports Authority of India, tax authorities and banks, said sources.

Kingfisher plans to resume limited operations with five Airbus A320 and two turboprop ATR aircraft and gradually step up its operations by increasing the number of planes to 20. The initial funding of Rs. 650 crore to restart the airline will come from the parent UB Group and sources said the airline has offered to clear salary dues up till January.

"We have given a complete plan which includes our schedule that we plan to operate, the aircraft we plan to operate, the number of people we have," said Aggarwal.

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