2-Jan-2013 9:30 AM

Kingfisher Airlines: No cause for concern as licence expires

Kingfisher Airlines stated (31-Dec-2012) despite the expiry of its licence, there is "no cause for concern as the regulations permit License renewal within two years of expiry". It added, "Kingfisher Airlines is confident of securing approval from the DGCA on the restart plan, License approval and reinstatement of its AOP". The carrier has applied for renewal of its licence as a scheduled carrier and has submitted a restart and rehabilitation plan to the Directorate General of Civil Aviation (DGCA) and also attended meetings to respond to queries. Kingfisher Airlines noted: "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." [more - original PR]

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