India Kingfisher submits plan to regulator to restart airline CEO

10 Apr, 2013

 

"We have given a complete plan which includes our schedule that we plan to operate, the aircraft we plan to operate, the number of people we have," Sanjay Aggarwal told reporters in the Indian capital.

 

"We have requested that our licence be renewed," he said, adding that the carrier plans to start operations with seven planes.

 

Kingfisher, controlled by liquor baron Vijay Mallya, who also owns UB Group, has been halted due to a cash crunch, and lenders are trying to recover $1.4 billion of loans in default.

 

Copyright Reuters, 2013

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