Statement from KFA

31-Dec-2012 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.