DGCA won’t allow Kingfisher to fly again until it gets nod from all stakeholders

DGCA won’t allow Kingfisher to fly again until it gets nod from all stakeholdersVijay Mallya recently submitted a revival plan for his grounded carrier Kingfisher Airlines, suggesting an infusion of Rs 425 crore in phases, but it would not be easy for the carrier to implement the plan and resume operations.

Civil aviation regulator DGCA has reportedly not in a mood to allow Kingfisher Airlines to resume operations until it gets the nod from all stakeholders, including airport operators, oil companies and employees.

Reacting to Kingfisher Airlines' claims to resume operations, a senior DGCA official said, "We will take into account what these parties say about Kingfisher's plans to fly again. We want the airline to fly again but only if it can do so completely safely."

But, stakeholders, including a number of vendors, employees and airport operators, still doubt the carrier's claims and wonder if the company would be able to get funds.

Separately, a senior AAI official said warned that they would not allow the carrier to restart operations till it cleared the airport authority's dues.

Kingfisher Airlines' owes around Rs 300 crore to AAI and cheques issued by the carrier for Rs 117 crore have reportedly bounced.

The beleaguered carrier owes more than Rs 7,000 crore to a consortium of seventeen lenders. State Bank of India (SBI) alone has an exposure of nearly Rs 1,500 crore to the grounded carrier.