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DGCA summons Kingfisher officials, govt says no bailout
MUMBAI: Kingfisher's top officials, including its CEO Sanjay Aggarwal, were summoned by the DGCA on Monday to explain the largescale disruptions in the operations. The Union civil aviation has made it clear that the government will not bail out the airline.
Kingfisher Airlines operations continued to be disrupted for the third consecutive day with around 14 flights cancelled Monday, a day after the Directorate General of Civil Aviation (DGCA) took a serious note of the developments and asked the airline CEO to appear before them on Tuesday, an airport official said.
Meanwhile, the government has ruled out any bailout plan for the cash-strapped airline. Civil aviation minister Ajit Singh said: " The government is not going to have any bailout plan for Kingfisher Airlines. Government is not going to ask banks or private industry for that matter."
"Recently government had seized their bank accounts also. So our first concern is that flights which are ongoing, passenger safety should not be compromised and then let us see what reply they give. DGCA is inquiring into it," Singh said.
He said Kingfisher is facing several financial problems.
"Day before yesterday, as they did not give salary to their employees for many months, people went on strike in Kolkata. Naturally, the flights got cancelled," he said. DGCA's role, he said, was to see that there are no questions on passenger safety.
Kingfisher was holding talks with banks and they have given their business plan. Government has made some changes recently including in respect of aviation fuel policy whereby airlines could directly import jet fuel, Singh noted.
More than 20 flights were cancelled today. About 80 flights of the carrier from six metro cities did not operate yesterday leaving hundreds of passengers stranded. The ailing carrier had till late last evening failed to file a report on the number of flights it had cancelled since Friday night to the DGCA.
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Whats the opinion of you guys on this?
Should Govt bail out Kingfisher for the sake of cheap air travel in India or let it die? Except Indigo, no other airline is making any profit in India including the white elephant Air India.
MUMBAI: Kingfisher's top officials, including its CEO Sanjay Aggarwal, were summoned by the DGCA on Monday to explain the largescale disruptions in the operations. The Union civil aviation has made it clear that the government will not bail out the airline.
Kingfisher Airlines operations continued to be disrupted for the third consecutive day with around 14 flights cancelled Monday, a day after the Directorate General of Civil Aviation (DGCA) took a serious note of the developments and asked the airline CEO to appear before them on Tuesday, an airport official said.
Meanwhile, the government has ruled out any bailout plan for the cash-strapped airline. Civil aviation minister Ajit Singh said: " The government is not going to have any bailout plan for Kingfisher Airlines. Government is not going to ask banks or private industry for that matter."
"Recently government had seized their bank accounts also. So our first concern is that flights which are ongoing, passenger safety should not be compromised and then let us see what reply they give. DGCA is inquiring into it," Singh said.
He said Kingfisher is facing several financial problems.
"Day before yesterday, as they did not give salary to their employees for many months, people went on strike in Kolkata. Naturally, the flights got cancelled," he said. DGCA's role, he said, was to see that there are no questions on passenger safety.
Kingfisher was holding talks with banks and they have given their business plan. Government has made some changes recently including in respect of aviation fuel policy whereby airlines could directly import jet fuel, Singh noted.
More than 20 flights were cancelled today. About 80 flights of the carrier from six metro cities did not operate yesterday leaving hundreds of passengers stranded. The ailing carrier had till late last evening failed to file a report on the number of flights it had cancelled since Friday night to the DGCA.
_______________________________________________________________________________
Whats the opinion of you guys on this?
Should Govt bail out Kingfisher for the sake of cheap air travel in India or let it die? Except Indigo, no other airline is making any profit in India including the white elephant Air India.
