New Delhi:
10 big facts on this story:
1) Kingfisher CEO Sanjay Agarwal met this morning with Bharat Bhushan, the chief of the airline regulator DGCA.
2) More than 30 flights were cancelled today; five of them out of Mumbai. Kingfisher owner Vijay Mallya said yesterday that he apologises to passengers and that there is no question of shutting down the airline.
3) Out of Kingfisher's 64 aircraft, 28 are operational. The DGCA is conducting a special safety surveillance of the planes in use, though Mr Bhushan said that there is no cause for concern and passengers need not be worried.
4) Kingfisher has been asked to design a revised schedule by tomorrow.
5) Kingfisher has told the DGCA that it has enough cabin crew and pilots to manage its flights.
6) Kingfisher had been asked to explain why flights have been cancelled since Saturday without informing the DGCA. Mr Bhushan said today that the airline had not shared enough information with passengers, causing unacceptable inconvenience.
7) Kingfisher has closed down its Kolkata operations because staff there had not been paid salaries for months. The DGCA has asked the government to review the acceptability of this step.
8) Kingfisher has blamed the income tax department for seizing its accounts. But the airline has defaulted on taxes; and tax deducted at source for its employees has not been deposited yet with the income tax department.
9) Kingfisher's current debt stands at nearly Rs 7000 crore; its losses for the third quarter that ended in December were nearly Rs 444 crore.
10) All 18 lending banks are likely to meet again next week to final a loan restructuring for the airline.
1) Kingfisher CEO Sanjay Agarwal met this morning with Bharat Bhushan, the chief of the airline regulator DGCA.
2) More than 30 flights were cancelled today; five of them out of Mumbai. Kingfisher owner Vijay Mallya said yesterday that he apologises to passengers and that there is no question of shutting down the airline.
3) Out of Kingfisher's 64 aircraft, 28 are operational. The DGCA is conducting a special safety surveillance of the planes in use, though Mr Bhushan said that there is no cause for concern and passengers need not be worried.
4) Kingfisher has been asked to design a revised schedule by tomorrow.
5) Kingfisher has told the DGCA that it has enough cabin crew and pilots to manage its flights.
6) Kingfisher had been asked to explain why flights have been cancelled since Saturday without informing the DGCA. Mr Bhushan said today that the airline had not shared enough information with passengers, causing unacceptable inconvenience.
7) Kingfisher has closed down its Kolkata operations because staff there had not been paid salaries for months. The DGCA has asked the government to review the acceptability of this step.
8) Kingfisher has blamed the income tax department for seizing its accounts. But the airline has defaulted on taxes; and tax deducted at source for its employees has not been deposited yet with the income tax department.
9) Kingfisher's current debt stands at nearly Rs 7000 crore; its losses for the third quarter that ended in December were nearly Rs 444 crore.
10) All 18 lending banks are likely to meet again next week to final a loan restructuring for the airline.
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