Finally approval from the Airports Authority of India (AAI) and the Directorate General of Civil Aviation (DGCA) has made to the revised schedule of cash scrapped Kingfisher Airlines.
Last week DGCA had pulled up CEO of KFA, Sanjay Aggarwal by issuing a notice for not revealing schedule of flights and not defining reasons of the sudden flight cancellations.
On February 22, Sanjay met DGCA chief E.K. Bharat Bhushan, submitting a copy of its revised schedule and had formally announced a sharp drop in their operations.
However the airline declared that it would be able to operate only 28 of the 64 flights in its fleet.
As per approval granted by DGCA instead of taking any punitive action against the airline, now it will monitor Kingfisher‘s flight safety measures on a daily basis.
KFA is downing with its protested grounded staff and dealt with Rs. 444 crore, loss in the third quarter of this year, which means that its overall debt now stands at more than Rs 7,000 crore.
Ignoring all the rumours over KFA’s shut down steps, Union Civil Aviation Minster Ajit Singh clearly said, “You can’t close down a company because they are making losses or banks are not giving them money. As long as passenger safety is not jeopardised, as long as they keep their schedule, why should we close down any industry.”
