Tuesday, 25 September 2012

DGCA keeping watch over Kingfisher Airlines' financial health

MUMBAI: The Director General of Civil Aviation said it is monitoring the financial health of Kingfisher AirlinesBSE 4.22 % along with other procedural lapses that popped up during the safety audit conducted by the regulator recently.

"Financial issues at an airline may sometime also become safety issues and we are keeping a watch on Kingfisher as it has some unpaid dues to its pilots," said Arun Mishra, DGCA.

The regulator said the audit did not throw up serious safety issues for both Kingfisher and Air India Express, but both these airlines are violating some established procedures.
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/dgca-keeping-watch-over-kingfisher-airlines-financial-health/articleshow/16550916.cms

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