Tag: DGCA

Kingfisher loses Rs 755 crore as planes sit idle

Debt-ridden Kingfisher Airlines has reported a net loss of Rs. 755.17 crore in its the third quarter ended December 31, 2012, following a complete grounded row after losing flying license. Read more

Kingfisher ready to fly, submits interim revival plan

Kingfisher 150x150 Kingfisher ready to fly, submits interim revival plan Seeking to revoke its suspended flying licence after being grounded fro three months, beleaguered Kingfisher Airlines today submitted its interim revival plan to aviation regulator DGCA just ahead of expiry of its validity on 31 December.

Moreover, DGCA is on examination of KFA financial and operational plan submitted by CEO Sanjay Aggarwal and still no response has given by the regulator. If in favor of airline, it would expect to benefit airline another six-eight weeks to restart operations. Read more

Kingfisher to fly soon with Rs.425 cr infusion

KFA Promoter Mallya 150x150 Kingfisher to fly soon with Rs.425 cr infusionCurrently the largest cash-strapped airline, Kingfisher is planning to resume its operations very soon, but in limited with a phased manner with investment of Rs.425 crore as a short-term measure.

The company will very soon submit its revival plan to the regulator DGCA, in wake to resume flying licence which suspended on October 20.

As per media information, KGA is likely to have recapitalization plan which will be further discussed with a small designated group of bankers. In list of financiers, Read more

Kingfisher: Strike call off, now to up with revival plan

Kingfisher 150x150 Kingfisher: Strike call off, now to up with revival plan Kingfisher Airline which was going to shut down with its huge tremendous never ended troubles, now relief as its agitated staff including engineers, technicians and pilots have called off a long 26-day strike with promise to resume their work immediately.

The move came on the acceptance of Airline management of payment of three months overdue salary before Diwali to its staff by December resulting an immediate lifting 25-day lock-out and with biggest win, KFA management have discussed revival plans with DGCA . Read more

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