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Aviation regulator rejects Kingfisher Airlines's winter schedule



India's civil aviation regulator Wednesday rejected the winter schedule of the troubled Kingfisher Airlines.
According to the Directorate General of Civil Aviation (DGCA), the passenger carrier's winter schedules for flight arrivals and departures were not approved.
The airline last year had a departure rate of 2,930 flights per week, but has ever since reduced capacity due to financial constraints, mounting debt and an exodus of employees.
Trouble seems to be mounting for the airline, which on Oct 12 extended its lockout till Oct 20. The lockout was declared Oct 1 after negotiations with striking employees failed amid reports that the airline was unable to pay employees full salaries since its lenders had refused fresh funding.
The situation at the airline has not improved even after the regulator hauled it up and cancelled all 50 flights Oct 1, as employees went on strike demanding payment by Oct 5 of their salaries pending since March.
Key personnel like aircraft maintenance engineers, whose airworthiness clearance is mandatory for any flight to take off, also struck work.
The employees claim that non-payment of salaries has affected their morale and built up stress levels that can also affect operational safety.
Meanwhile, the DGCA, which had issued the notice "as the airline has failed to establish a safe, efficient and reliable service", said it was yet to receive any communication from the company.
As per Section 15(2)(b) of Schedule XI of the Aircraft Rules 1937, the DGCA may cancel or suspend the permit of an airline if it is satisfied that the permit-holder has failed to establish a safe, efficient and reliable service.


The airline had the lowest market share in August, which stood at 3.2 percent. The airline has a total debt of Rs.7,000 crore with a consortium of banks.


Kingfisher rises on buyback hopes
Financial Times
An upbeat analyst meeting gave Kingfisher its biggest gain in more than two months on Monday. A B&Q store tour and visit to its Screwfix trade operations helped support hopes that Kingfisher can defend earnings, in spite of a downturn in France.
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Govt seeks legal views on Kingfisher licence
Livemint
New Delhi/Hyderabad/Mumbai: Indicating that the government is thinking of how it would deal with a worst case scenario in the ongoing crisis at Kingfisher Airlines Ltd, civil aviation minister Ajit Singh said he has asked aviation regulator Directorate ...
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Livemint






Kingfisher CEO campaigns for return to responsible business
The Guardian (blog)
So it should be welcomed that the CEO of Kingfisher, the world's third largest home improvement company, is pushing for the business community to recognise its responsibilities to society, rather than focusing on merely maximising profits. Ian Cheshire ...
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The Guardian (blog)
Kingfisher climbs on growth prospects for B&Q and Screwfix after analysts' visit
The Guardian (blog)
Kingfisher's investor day provided interesting insights into the growth outlook at B&Q and Screwfix. The former is relatively mature and will benefit from group scale in common ranging and direct sourcing, while the latter still has significant organic ...
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INDIA PRESS-Kingfisher to meet striking pilots, engineers on Monday ...
Reuters
link.reuters.com/xat33t. ----------. PREVIOUS ITEM. UK's BG group in talks for new LNG terminal in Gujarat - Economic Times. link.reuters.com/nat33t. ----------. Reliance cuts KG D6 oil, gas development budget by $3 bln - Times of India. link.reuters ...
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'Mallya's Kingfisher woes have no bearing on Force India'
Firstpost
Yeongam, South Korea: A court warrant in India against billionaire Vijay Mallya over his airline business has no repercussions for his Force India Formula One team, deputy principal Bob Fernley told Reuters on Sunday. Indian airport operator GMR ...
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Firstpost
FTSE 100 movers: Kingfisher leads gains after investor day
ShareCast
FTSE 100 movers: Kingfisher leads gains after investor day LONDON (SHARECAST) - DIY shop retailer Kingfisher was a high riser following an analyst visit to its Screwfix operations on Friday. Espirito Santo, Jefferies and Panmure Gordon reiterated their ...
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Kingfisher Air up 5% ahead of management-staff meeting
Moneycontrol.com
Kingfisher Air up 5% ahead of management-staff meeting. Kingfisher Airlines rose 4.82% to Rs 11.50 on hopes that tsome solution might come from the meeting between the company management and staff later in the day. Source: Moneycontrol.com ...
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Moneycontrol.com
Management to meet Kingfisher employees on Wednesday
Livemint
Mumbai: The top management of Vijay Mallya-controlled Kingfisher Airlines Ltd is expected to meet employee representatives on Wednesday to seek an end to the ongoing labour unrest, according to two senior airline executives. A representative from each ...
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