Kingfisher Airlines grounded, loses flying permit
The Directorate-General of Civil Aviation (DGCA) refused to renew its Air Operator Permit (AOP) of Kingfisher Airlines which was suspended in October 2012 after a workers’ strike.
Why DGCA did not renew the license?
- The DGCA was not satisfied with the turnaround plan of the airlines. The carrier also failed to furnish no objection certificates from service providers, particularly from the Airports Authority of India (AAI), before the deadline.
What are the options with Kingfisher?
- The carrier has not been terminated and it can still apply for the renewal of the license within 2 years. But it has to convince lenders, airport owners, tax authorities and employees about its viability and get no objection certificates.
Categories: Business & Economy Current Affairs 2017