NEW DELHI Kingfisher Airlines said expiration of its operating licenses, set for Monday, was not a cause for concern as the grounded Indian carrier has two years to renew the license and permits required to fly.
"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," the company said in a statement.
It also added that it was "confident" of securing approval from the Directorate General of Civil Aviation (DGCA) to re-start operations and that it was in the process of replying to concerns raised by the regulator.
(Reporting by Anurag Kotoky; Writing by Arup Roychoudhury; Editing by Frank Jack Daniel)
Trending On Reuters
Ready for Rate Hike
Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article