Kingfisher Airlines Is No more an Airlines ? Stares at licence suspension




Kingfisher Airlines stares at licence suspension  ? 

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Kingfisher Airlines Is No more an Airlines ?
Stares at licence suspension


Grounded Kingfisher faces another hurdle in getting airborne again.

NEW DELHI: Crisis-ridden Kingfisher Airlines could be on the verge of having its flying licence suspended. Like scores of its unpaid employees, vendors and service providers, the aviation ministry is also going to look for real money - and not just promises or timelines to pay - in the reply the airline has to file to Directorate General of Civil Aviation (DGCA)'s notice by Saturday.

Unless convinced that Kingfisher has the resources to operate as a schedule airline and maintain its timetable of flights with full safety, highly placed aviation authorities say they will go for licence suspension. "Kingfisher is on cash and carry by most service providers. We do not want a situation where the airline restarts operations and then keeps flying in fits and starts whenever its unpaid employees are not on strike and the service providers refusing to service it. We have seen enough of that since last November," said a senior official.


A formal decision on the airline's licence could be taken next week. "Kingfisher has not even asked for extension of the 15-day deadline to reply to the same. We have not even heard from the airline brass since October 2 when they were summoned to explain their position. Kingfisher promoter Dr Vijay Mallya is expected to be in Delhi next week as the Formula One Indian Grand Prix will take place at Greater Noida and that time he may speak what he has in mind for the airline," said an official.



Kingfisher Airlines stares at licence suspension
Times of India
NEW DELHI: Crisis-ridden Kingfisher Airlines could be on the verge of having its flying licence suspended. Like scores of its unpaid employees, vendors and service providers, the aviation ministry is also going to look for real money - and not just ...
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Kingfisher Airlines extends lockout until 5 November
Livemint
12 05 AM IST. New Delhi: Kingfisher Airlines Ltd has again extended its lockout till 5 November, stretching the shutdown that began on 1 October because of an employee protest and was to end this Saturday. The cash-strapped carrier has closed ticket ...
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Livemint
Kingfisher Airlines shares down 5 per cent, hit lower circuit
Business Today
Kingfisher Airlines shares fell about 5 per cent on Thursday after the company's meeting with the striking employees failed to resolve the deadlock. The management, led by Chief Executive Sanjay Aggarwal and HR head Hitesh Patel met the representatives ...
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Business Today



Kingfisher may push re-launch to Nov 5
Hindu Business Line
Kingfisher may push re-launch to Nov 5. Ashwini Phadnis. Share · Comment · print ·. T+ · T- · Tweet. New Delhi, Oct. 18: Has Kingfisher Airlines put off its re-launch till November 5? While airline officials declined to say anything on the issue ...
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Kingfisher Airlines stock hits lower circuit; down 5%
Moneycontrol.com
Kingfisher Airlines scrip today fell by about 5 per cent after the company's meeting with the striking employees failed to resolve the deadlock over unpaid salaries. Shares of the company opened weak and soon fell by 4.76 per cent to touch the lower ...
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Moneycontrol.com
Kingfisher crisis: No winter schedule for Mallya's airlines
India Today
Kingfisher Airlines on Wednesday said it would have to extend the October 20 deadline it had set for itself to resume operations. A meeting with the striking employees has failed to resolve the deadlock, it was learnt. Check bounce case: Meanwhile, GMR ...
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India Today
DGCA rejects Kingfisher Airlines winter schedule; stock down
Economic Times
MUMBAI: Kingfisher Airlines continued to drag lower after the Directorate General of Civil Aviation (DGCA) rejected giving it an approval to the winter schedule of flights. The regulator, which has already served a show-cause notice threatening to ...
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Kingfisher Air slips 5% on likely suspension of licence
Moneycontrol.com
Kingfisher Air slips 5% on likely suspension of licence. r Airlines slipped 5% to Rs 12 after the civil aviation minister said that the airport regulator may suspend or cancel the company's flying licence. Source: Moneycontrol.com. Share · Tweet ...
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