Monday, December 31, 2012

Kingfisher-Never say never!

Neelam Mathews
Dec 31, 2012

The saga continues. The last release issued by Kingfisher this year:

Kingfisher Airlines applied for renewal of its License as a scheduled carrier. Subsequently, Kingfisher Airlines submitted a restart and rehabilitation Plan to the DGCA and also attended meetings to respond to queries. The plan itself clearly states that the funding required would be provided by The UB Group.The DGCA has asked for certain no objection letters which are in the process of being procured. Further, a few additional questions have been raised which will be answered to the regulators satisfaction.
Despite the impending expiry of its License tonight, there is no cause for concern as the regulations permit License renewal within two years of expiry. Kingfisher Airlines is co
tart plan, License approval and reinstatement of its AOP.nfident of securing approval from the DGCA on the restart plan, License approval and reinstatement of its AOP.

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