It is learnt that the report could recommend the cancelling of Kingfisher’s flying license. But the final decision will be taken by civil aviation minister on this issue.
The India's second largest private carrier has been facing massive financial crisis since last year. Moreover, airlines bank accounts have been frozen with debts mounting to over Rs 7,000 crore.
Bangalore based airlines was served a show cause notice by the Civil Aviation regulator DGCA towards the end of Feb asking why its licence should not be suspended as it had made unannounced cancellations.
The beleaguered airline has also announced that Kingfisher will not operate any international flights from Mar 25 as the carrier lacks aircraft for overseas operations.
As the DGCA is likely to submit the status report on Kingfisher on Mar 22, the big question is will Kingfisher's flying license be revoked?