Kingfisher gets NOC from Oil Companies

Seeming a little bit hope for debt laden Kingfisher Airlines as Oil companies has been given a “no objection certificate” to it and some aircraft leasing companies to restart operations, according to a source report.

Kingfisher has no objection certificate from airports to fly again, source added.

Since suspension of licenses in October 2012, KFA fight operations have shut down due financial crisis.

Kingfisher has USD 2.5 billion in debt to banks, staff, vendors and others with a loss of Rs 8,000 crore.

Last week, the airline submitted a USD119 million revival plan to DGCA which would not be sufficient fro its resumption.

The angered employees of grounded KFA, serving with remained unpaid salaried for the past eight months, are reported to again in a mood to launch a hunger strike from January 21 at the company headquarters, Kingfisher House, in Mumbai.

It has been said that KFA engineers are in wake to file a closure petition against the beleaguered airline and to discuss this, a meeting will have scheduled in Delhi on January 20.

Along with payment of all salary dues, the employees also demanding an immediate audience with airline chairman Vijay Mallya.

Meanwhile, KFA management is going to in talks with the representatives of the pilots in Mumbai to resolve the matter and take them in confidence.

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