Kingfisher’s long awaited revival plan isn’t cutting it for state regulators
Skift Take
After months of Kingfisher working on a revival plan that would bring the airline back from the grave, it appears the executives are as puzzled as everyone else on how this will ever happen.
Kingfisher CEO Sanjay Aggarwal on Monday submitted to the Directorate General of Civil Aviation (DGCA) an interim revival plan for limited resumption of the debt-ridden air carrier’s operations...
The operations are planned to be restarted on a cash-and-carry basis...DGCA sources confirmed, the fleet could be be scaled up to 11 ATRs and 10 Airbus planes within 10 weeks.
The plan, however, did not seem to cut much ice with DGCA, as it did not give details on payment of dues to stakeholders like airport operators, oil firms, etc.
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