NEW DELHI: Having lost airport slots and most of its aircraft fleet to its creditors in the last six months of being grounded, Kingfisher AirlinesBSE 4.11 % on Wednesday asked aviation regulator DGCA to renew its flying permit, which expired last year.
Sanjay Aggarwal, the CEO of KingfisherBSE 4.11 % Airlines, submitted a fifth revival plan to Directorate General of Civil Aviation (DGCA) chief Arun Mishra early evening, so that the carrier could start operations with seven planes to begin with.
"We have given the complete funding and traffic plan to the DGCA. The initial funding to restart the airline will be organised from the UB Group. We have also requested the DGCA to renew our flying licence," Aggarwal said after meeting Mishra.
While DGCA sources said it was not possible to take a call immediately on whether Kingfisher's licence should be renewed since the revival plan needed thorough examination, the only difference was that its parent company UB Group had secured approval from shareholders to fund the airline.
"Though the proposal is more practical this time with Kingfisher having secured no-objection certificate from private airports and maintenance and repair (MRO) companies, the dues of Airports Authority of India (AAI) are still not cleared nor are those of the service tax department," regulatory sources said.
Kingfisher Airlines has requested AAI to let it fly on a cash-and-carry basis, the source said, adding that they plan to raise money as they start to fly, for which they need their licence to be renewed. "They need to secure no-objection certificate from the AAI and lenders still."
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-seeks-renewal-of-flying-permit/articleshow/19485908.cms
Sanjay Aggarwal, the CEO of KingfisherBSE 4.11 % Airlines, submitted a fifth revival plan to Directorate General of Civil Aviation (DGCA) chief Arun Mishra early evening, so that the carrier could start operations with seven planes to begin with.
"We have given the complete funding and traffic plan to the DGCA. The initial funding to restart the airline will be organised from the UB Group. We have also requested the DGCA to renew our flying licence," Aggarwal said after meeting Mishra.
While DGCA sources said it was not possible to take a call immediately on whether Kingfisher's licence should be renewed since the revival plan needed thorough examination, the only difference was that its parent company UB Group had secured approval from shareholders to fund the airline.
"Though the proposal is more practical this time with Kingfisher having secured no-objection certificate from private airports and maintenance and repair (MRO) companies, the dues of Airports Authority of India (AAI) are still not cleared nor are those of the service tax department," regulatory sources said.
Kingfisher Airlines has requested AAI to let it fly on a cash-and-carry basis, the source said, adding that they plan to raise money as they start to fly, for which they need their licence to be renewed. "They need to secure no-objection certificate from the AAI and lenders still."
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-seeks-renewal-of-flying-permit/articleshow/19485908.cms
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