Kingfisher Air faces death spiral deadline
Agencies: New Delhi, Nov 05 2012, 13:33 IST
India will not renew Kingfisher Airlines' licence to fly if the ailing carrier fails to provide a turnaround plan by end-December, a top government official told reporters on Monday.
The airline has not come up with any revival plan as of now, the official, who declined to be named, said, adding that the airlines' licence is due to expire on Dec. 31.
Kingfisher, once India's second-largest airline, has not flown since the start of October after an employee protest turned violent. India's Directorate General of Civil Aviation (DGCA) suspended its licence last month, after Kingfisher failed to address its concerns over safety.
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