New Delhi: Management of Kingfisher Airlines' plan to start flying again with an infusion of Rs 650 crore from the parent UB Group is unlikely to give it wings unless it finds a solid investor. Aviation minister Ajit Singh has termed this amount, without an investor, 'insufficient' for being allowed to fly again.
"How long can they fly with that money, the commitment for which has not even come in writing to the aviation regulator? We don't want a repeat of the earlier situation where the airline flies for some time and then starts downsizing. This time it anyway hopes to begin operations on a downsized note," Singh told TOI.
Sounding a warning for the management that is sending restart plans to DGCA without any concrete funding, Singh added: "They should make serious efforts if they want to fly again. There has to be some depth in the plans they submit and must take the issue more seriously."
18/01/13 Saurabh Sinha/Times of India