Kingfisher Airlines’ licence suspended

The Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan reports the website of news channel New Delhi Television (NDTV).

The airline’s trouble has recently caused much grief to its owner, Sahara Force India chairman and team principal as well as its employees who have reportedly not been paid for weeks.

NDTV reports that Kingfisher Airlines has not operated a single flight since October 1.

Only recently, a non-bailable arrest warrant had been issued against Mallya and other Kingfisher Airlines executives by a Hyderabad court after cheques intended to pay user’s fee to the company that runs the city’s airports bounced. The warrant was later withdrawn when a financial settlement was agreed to.

As far as motorsport is concerned, it remains to be seen whether the troubles faced by the airlines will have an effect on the running of Mallya’s Formula 1 team, 42.5 percent of which belongs to Sahara after a deal was struck between the two parties ahead of last year’s Indian Grand Prix.

About Vinayak Pande

Motorsport journalist.
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s