Will submit revival plan soon: Kingfisher Airlines

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Kingfisher Airlines
New Delhi, Nov 6: Crisis-ridden Kingfisher Airlines today said it is working on a comprehensive revival plan which will be given to aviation regulator, the Directorate General of Civil Aviation (DGCA), in the next few weeks.

"We are working on a comprehensive plan which will address the interests of all stakeholders and this will be submitted to DGCA," an airline spokesperson said when asked about their plans to get the suspension of its scheduled operator's permit (SOP), valid till this year-end, revoked.

The DGCA had suspended Kingfisher's SOP on Oct 19 till further orders after a lockout and its failure to come up with a viable plan of financial and operational revival. The DGCA had said Kingfisher had failed to run "safe, efficient and reliable operations".

The SOP suspension came after a lockout by the management on Oct 1 following an impasse with its employees who struck work from Sept 30 demanding payment of overdue salaries. The lockout was lifted on Oct 25.

Airline sources said Kingfisher's plan is likely to be submitted to the DGCA in the next few weeks. It would have to submit to DGCA a financial and operational plan to revive the airline and its operations.

The services can be restored only after the regulator is convinced that the carrier can provide safe and sustainable operations.

Asked about renewal of Kingfisher's SOP after it expires on Dec 31, 2012, official sources said a suspended SOP must first be revived. It can be renewed and extended beyond the expiry date only if it is valid and not suspended.

The sources said once Kingfisher submits the plan, the DGCA would hold consultations with airport operators, oil companies and other agencies to which the airline owes money, before considering giving it the clearance to fly again.

The government is concerned about how the cash-strapped carrier would pay its dues to its service providers, including airport operators, aircraft lessors and oil companies.

PTI

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