NEW
DELHI: Grounded Kingfisher
Airlines on Wednesday
made another attempt to convince DGCA on its revival plans, but failed to
provide any details on its funding which the aviation regulator wanted.
Kingfisher CEO Sanjay Agarwal met Director General of Civil
Aviation (DGCA) Arun Mishra here for 45 minutes to apprise him of the
prevailing scenario facing the airline, but sources said he gave no information
about any commitment by the airline's parent company, UB Group, on financing the
revival plan.
The sources said Agarwal told the regulator that the airline
would be ready to resume operations from the Summer Schedule, that begins in
April.
The Kingfisher chief said the airline has not received no-objection
certificates from any of the airport operators, including the Airports
Authority of India, though he claimed that some of the oil companies and
aircraft leasing companies have given it a go-ahead.
Today's meeting comes days ahead of a crucial meeting of a consortium of
bankers that have lent over Rs 7,500 crore to the now defunct airline.
The consortium has been refusing to lend any more money to the airline
till the promoters bring in more funds. The airline suspended operations on
October 11, last year and its operating licence lapsed on December 31.
In the recent past, civil aviation Ministry officials had made it clear
that they were not satisfied by Kingfisher's plans to invest Rs 650 crore as it
might not guarantee efficient and reliable services.
"The revival plan, which was submitted by the airline, had lot of
issues regarding lenders and staff payment which we felt may not lead to
reliable services," a senior officer had said, adding it had no provision
for payment to airport operators.
Salaries and allowances of the staff have also been pending for over
eight months now, while the airline owes money to airport operators, oil
companies and other vendors.
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