'As long as KFA has 5 flights, licence can't be cancelled'

In an exclusive interview with CNBC-TV18, civil aviation minister Ajit Singh today said that Kingfisher has submitted a new flight schedule to the regulator

Sunainaa Chadha December 20, 2014 07:14:25 IST
'As long as KFA has 5 flights, licence can't be cancelled'

In an exclusive interview with CNBC-TV18, civil aviation minister Ajit Singh today said that Kingfisher has submitted a new flight schedule to the regulator and that the licence cannot be cancelled until the airline is operating five daily flights and has sufficient equity capital.

As long as KFA has 5 flights licence cant be cancelled

AFP

He, however, added that the rules can be tweaked if passenger safety is at risk. " If passenger safety is in danger in any way, the DGCA can cancel the airline's licence, said Singh. He warned that if the airline wants to be in a safe place it must not only comply with passenger safety norms but also take care of its financial situation.

Defending the debt-laden carrier's chairman, Singh said Mallya has earlier submitted two revised schedules and adhered to it. By shutting the airline, various jobs and passengers will be impacted, he said." Government will like to see Kingfisher to continue its operations," he said, adding that Kingfisher is now paying its dues to Airport Authority of India, which it wasn't doing earlier.

Admitting that the airline has also faced a pilot-crunch, Singh assured that it the DGCA will look at the new schedule and will make sure that things go according to the plan.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Will not shut down Kingfisher, swears Mallya
Business

Will not shut down Kingfisher, swears Mallya

Kingfisher shares plunged as much as nearly 20 percent on Tuesday ahead of a meeting between the airline's top executives and the country's aviation regulator.

DLF-CCI case hearing fast tracked to 27 June
Business

DLF-CCI case hearing fast tracked to 27 June

Compat is conducting daily hearings of the DLF plea challenging the Rs 630 crore penalty imposed on it by fair trade watchdog CCI after finding the realty major guilty of abuse of its dominant market position.

FinMin proposes to widen probe into Wal-mart's lobbying activities
Business

FinMin proposes to widen probe into Wal-mart's lobbying activities

The finance ministry has proposed to widen the ambit for a probe into retail giant Walmart's lobbying activities in India.