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'KFA permit may not be renewed'

Source : BUSINESS_STANDARD
Last Updated: Mon, Nov 05, 2012 19:10 hrs

The government will not renew Kingfisher Airlines' licence to fly if the ailing carrier fails to provide a turnaround plan by end-December, a top government official told reporters on Monday.

The airline has not come up with any revival plan as of now, the official, who declined to be named, said, adding that the airlines' licence is due to expire on December 31.

Kingfisher, once India's second-largest airline, has not flown since the start of October after an employee protest turned violent.

The Directorate General of Civil Aviation suspended its licence last month, after Kingfisher failed to address its concerns over safety.

Kingfisher airline’s stock closed five per cent lower on Monday.




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