Kingfisher’s licence to fly hangs on stakeholders’ nod

Business

The Directorate General of Civil Aviation (DGCA) would take a decision on revoking the suspension of Kingfisher Airlines' flying licence only after consultations with all stakeholders involved with the airline, including the airport developers and oil companies.

The airline, meanwhile, indicated on Friday that operations for the first four months after resumption of services will be funded by the promoter UB Group.

"The airline has paid salaries to its employees but there are various stakeholders whose dues need to be cleared before Kingfisher Airlines submits a sustainable plan. To get full clarity on whether the airline has been able to settle dues with various vendors and be able to operate hassle-free operations or not, the DGCA will meet the stakeholders before revoking the suspension," said a senior DGCA official.

He added that the airline owes a lot of money to airport operators like Airports Authority of India, oil companies, various ground handling and other vendors and also to aircraft lessors.

"The airline has been asked to submit an operation resumption plan in written to the DGCA and the plan will be vetted thoroughly before allowing the airline to restart," the official said.

Earlier in the day, Kingfisher Airlines CEO Sanjay Aggarwal met the DGCA. "We have discussed various issues with the DGCA and will submit a revival plan soon," Aggarwal said after the meeting without sharing any timeline for the same.

Meanwhile, the DGCA has asked the airline to start meeting its representatives at regional offices and the headquarter on operational and airworthiness issues. It is believed that the airline has assured the DGCA that the process on those will start immediately.

"The airline has assured DGCA that the funding to run the airline will not be a problem as the promoter group will infuse money for the first four months to keep the airline running," said the official.

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