Financially stretched Kingfisher Airlines on Monday submitted its revival plans to the aviation regulator which had cancelled its flying licence over safety concerns. "They (Kingfisher Airlines) submitted their revival plans to the director general of civil aviation (DGCA) in a meeting held today (Monday)," a civil aviation ministry source said.
The company, however, refused to comment on the development. The aviation regulator October 20 suspended the operating licence of the airlines, citing the passenger carrier's inability to provide any reasonable revival plans.
The airline was then asked to prepare a credible revival plan and present it to the DGCA, which will take a final call on restoring the airline's operating licence. The regulator had also rejected the carrier's winter schedules for flight departures. The airline had in 2011 a departure rate of 2,930 flights per week, but has since reduced capacity due to mounting debt and an exodus of employees.
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