Govt might not renew Kingfisher permit - source
NEW DELHI (Reuters) - India will not renew Kingfisher Airlines' (KING.NS) 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 (DGCA) suspended its licence last month, after Kingfisher failed to address its concerns over safety.
(Reporting by Anurag Kotoky; Editing by Jijo Jacob)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- CBI drops coal scam case against Kumar Mangalam Birla
- India's growth speeds up in after-glow of Modi's triumph
- Exclusive: Reliance plans $13 billion projects including new refinery
- Saudi king warns of terrorism threat to U.S., Europe
The Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks. Full Article
Exclusive: Reliance plans $13 billion projects including new refinery. Full Article
In race for bigger margins, drug makers willing to lose the India "advantage". Full Article