KA set to lose flying licence - Kingfisher's licence is due to- Navbharat Times Photodhamal

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Kingfisher's licence is due to expire on December 31, and a request to extend that will not be granted unless the suspended carrier can come up with a revival plan. This will effectively remove one scheduled carrier from Indian skies, at least for now.

Pic Courtesy : BCCL

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Kingfisher has two years from now to get its license renewed , but it has to convince banks, airports, tax authorities and its staff about its viability , the source, who has direct knowledge of the matter, said.

Pic Courtesy : BCCL

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Kingfisher, which has not flown since October, owes money to all of them. The airline submitted a revival plan to the Directorate General of Civil Aviation (DGCA) last week, but that did not provide details of how it will fund operations, aviation minister Ajit Singh said on Wednesday.

Pic Courtesy : BCCL

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The airline, owned by liquor tycoon Vijay Mallya, has been trying unsuccessfully to raise fresh cash for more than a year, and is hoping to tap Abu-Dhabi's Etihad Airways as an investor.

Pic Courtesy : BCCL