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India airlines for the recovery operations

source:  date:2010-06-02  visits:

 Recently, India's Kingfisher Airlines to the Civil Aviation Administration of India (DGCA) submitted a re operation plan, said the group of parent company UB will provide start-up funds for it, and re apply for the pilot's license. Kingfisher Airlines in 2012 October was forced to stop operation, owed to banks, airports and other departments of the $2500000000 in debt. Kingfisher flying license is due at the end of 2012, but the company has two years of time to apply for a license to fly. Previously, Kingfisher Airlines has proposed a restore operation plan, but India civil aviation regulator in view of Kingfisher Airlines difficulties in the repayment of debts and pay for staff wages, that its cannot provide guaranteed aviation services, thus rejected the plan. Recently, Kingfisher Airlines CEO Sanjay Agenor tile in a meeting with the civil aviation regulator said: "we have to submit a complete plan, also apply for license renewal. The company plans to use first 7 aircraft operations, including 5 frame Airbus aircraft, and will be in a few months gradually increased to 20. The UB group will assist in providing start-up funding." The UB group had earlier proposed funding Kingfisher Airlines


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