Domestic and international flying slots to Kingfisher Airlines withdrawn
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The SOP then expired on December 31. A week before this, the beleaguered airline submitted an interim revival plan to the aviation regulator to resume limited operations.
But the DGCA was not happy with the plan. It sought more information on the funding and payment of dues and decided not to allow the airlines to take to air till it met a series of conditions, including payment of dues to its employees and various service providers like airport operators.
Failing to provide any credible input, Kingfisher's lenders -- a consortium of banks -- also decided earlier this month to start the process of recovering Rs 7,500 crore outstanding loans from the grounded airline.