Tuesday, January 22, 2013

KFA needs go-ahead from all stakeholders to fly again: Ajit Singh


Kingfisher Airlines needs at least Rs 1,000 crore to restart operations, aviation minister Ajit Singh  said today, adding that the airline has still not submitted any concrete funding plans.
All stakeholders will have to give no-objection certificates for the carrier to fly again, he said, which includes lenders, vendor, Airport Authority of India and its employees.
He, however, reiterated that by simply paying the employee salary and clearing its dues is not enough to resume operations.
“Don’t think paying employees alone can help KFA fly,” Singh said adding bankers’ go-ahead is necessary for the airline’s revival.
22/01/13 First Post