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 confident of securing approval from the DGCA on the restart plan, License approval and reinstatement of its AOP.
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 confident of securing approval from the DGCA on the restart plan, License approval and reinstatement of its AOP.
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