Advice for Kingfisher

By Our Correspondent | www.telegraphindia.com – Wed 31 Oct, 2012

New Delhi, Oct. 30: Civil aviation secretary K.N. Shrivastava today asked Kingfisher Airlines chairman Vijay Mallya to submit plans to pay off debts and dues to various vendors, including the Airports Authority of India (AAI). Mallya met Shrivastava today to discuss his plans to salvage his temporarily grounded, ailing carrier.

According to Directorate General of Civil Aviation (DGCA) officials, the aviation regulator would thoroughly go through the plans of the carrier before its suspension is revoked.

Officials said Shrivastava asked Mallya to clear AAI's debts of around Rs 293 crore. The AAI had recently asked the airline to vacate two hangars at the Calcutta and Chennai airports.

The DGCA has asked the airline to submit its winter schedule and convince the regulator that it would be able to follow the schedule without any hitch.

"I have briefed him on revival and restart plan. It would be a comprehensive plan. All hurdles will be crossed," Mallya said after the meeting.

According to official sources, the meeting between the UB group chief and the aviation secretary, the first since the airline got into regulatory trouble, lasted 30 minutes.

Kingfisher is expected to apply to the DGCA for the revocation of suspension of its flying licence in a few weeks. For this, it has to submit to the DGCA a comprehensive financial and operational plan to revive the airline.

The services of Kingfisher can be restored only after the DGCA is convinced that the carrier can provide safe and sustainable operations. While IT department dues stand at around Rs 269 crore, the airline owes Rs 60 crore to the service tax department.

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