NEW DELHI: Government may cancel Kingfisher Airlines' licence if safety norms and financial viability conditions are not met, aviation minister Ajit Singh told reporters on Tuesday.
The cash-strapped carrier, which is now operating 18 planes, has failed to stick to its recovery plan, Singh said.
Kingfisher Airlines, which has a debt of $1.3 billion, is facing collapse as banks have refused to lend more for day-to-day operations.
Government
may cancel Kingfisher Airlines' licence if safety norms and financial
viability conditions are not met, aviation minister Ajit Singh told
reporters on Tuesday.
Kingfisher Airlines, which has a debt of $1.3 billion, is facing collapse as banks have refused to lend more for day-to-day operations.
Courtesy: TOI
0 comments:
Post a Comment