Kingfisher still confident of restart despite licence expiry

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Grounded Indian carrier Kingfisher Airlines says it remains confident of securing approval to restart operations despite the imminent expiry of its scheduled carrier licence.

The Indian airline, which was grounded in October, submitted a plan to the Indian directorate general of civil aviation (DGCA) on how it intends to restart operations. Indian civil aviation minister Ajit Singh was subsequently quoted as saying that parent the UB Group needed to provide more details on the airline's funding plan.

"The plan itself clearly states that the funding required would be provided by The UB Group," says Kingfisher in a statement. "The DGCA has asked for certain no objection letters which are in the process of being procured. Further, a few additional questions have been raised which will be answered to the regulators satisfaction.

"Despite the impending expiry of its License tonight, there is no cause for concern as the regulations permit License renewal within two years of expiry. Kingfisher Airlines is confident of securing approval from the DGCA on the restart plan, License approval and reinstatement of its AOP," the carrier adds.