DGCA To Ask For More Details From Kingfisher On Its Finances
Aviation regulator DGCA would soon seek additional details from Kingfisher Airlines regarding its finances, with Civil Aviation Minister Ajit Singh on Wednesday saying the cash-strapped carrier's parent firm UB Group has not disclosed anything regarding funding.
As Directorate General of Civil Aviation (DGCA) examined the beleaguered carrier's revival plan submitted two days ago, the Minister said its 'financial picture is still not clear. UB Group has not said anything on the funding of KFA. (Q,N,C,F)* Its plan is not backed by any clear funding proposal.'
Official sources said DGCA would soon seek additional details regarding the funding plan and hold talks with Kingfisher's creditors and airport operators before deciding on its application seeking permission to relaunch its services.
As Directorate General of Civil Aviation (DGCA) examined the beleaguered carrier's revival plan submitted two days ago, the Minister said its 'financial picture is still not clear. UB Group has not said anything on the funding of KFA. (Q,N,C,F)* Its plan is not backed by any clear funding proposal.'
Official sources said DGCA would soon seek additional details regarding the funding plan and hold talks with Kingfisher's creditors and airport operators before deciding on its application seeking permission to relaunch its services.
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