The Government is unlikely to renew the licence of the debt ridded Kingfisher Airlines if it fails to submit revival plans by December end.
New Delhi: The Government is unlikely to renew the licence of the debt ridded Kingfisher Airlines if it fails to submit revival plans by December end.
Reuters reported that the government will not renew the licence of the ailing Kingfisher Airlines if it fails to submit the revival plans by the end of December.
The airline has not come up with any revival plan as of now, Reuters reported citing an official of the airlines, who added that the airlines' licence is due to expire on December 31.
On October 30, Vijay Mallya met Civil Aviation Secretary K N Shrivastava and had briefed him about the steps being taken to revive the beleaguered carrier.
"I have briefed him on revival and restart plan. It would be a comprehensive plan. All hurdles will be crossed," Mallya had told reporters after the meeting.
The Directorate General of Civil Aviation (DGCA) suspended its licence last month, after Kingfisher failed to address its concerns over safety. Moreover, the airlines has not flown since the beginning of October.
With Agency Inputs