The civil aviation regulator, DGCA, has asked Vijay Mallya's Kingfisher Airlines to furnish a concrete plan on issues such as "adequate working capital, airworthiness of planes and settling employee dues," failing which, they said Kingfisher's licence will not be activated.
The regulator is waiting for Vijay Mallya to fulfil his promise made on December 7, of presenting a revival plan before month-end. Renewal of the airline's licence would be an uphill task, going by the requirements the government wants the air carrier to fulfil, experts say.
The cash-strapped airline has been grounded since October and its flying permit has been suspended by the government because of its inability to carry on operations satisfactorily.
At the lenders meet on Monday, the airline officials have claimed that they would restart operations in good time to avoid losing flying licence, which expires on December 31.
"Their revival plan must include availability of adequate working capital and settling of employees dues, to begin with. The airworthiness of their aircraft and fulfillment of pilots' medical requirements are the other things it should have," the Directorate General of Civil Aviation (DGCA) chief Arun Mishra told ET.
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