Kingfisher Airlines applied for renewal of its License as
a scheduled carrier. Subsequently, Kingfisher Airlines submitted a
restart and rehabilitation Plan to the DGCA and also attended meetings
to respond to queries. The plan itself clearly states that the funding
required would be provided by The UB Group.The DGCA has asked for
certain no objection letters which are in the process of being procured.
Further, a few additional questions have been raised which will be
answered to the regulators satisfaction.
Despite the impending expiry of its License tonight, there is no cause for concern as the regulations permit License renewal within two years of expiry. Kingfisher Airlines is confident of securing approval from the DGCA on the restart plan, License approval and reinstatement of its AOP.