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Troubled carrier Kingfisher Airlines is liable for prosecution over unpaid taxes, aviation minister Ajit Singh told reporters on Tuesday. The minister said the onus to save Kingfisher Airlines was on chairman Vijaya Mallya. "Vijaya Mallya has to convince DGCA (directorate general of civil aviation) that he is in a position to operate an airline ... The onus is on him," Singh said.
Kingfisher Airlines has submitted a new flight plan to the country's aviation regulator and will operate up to 125 daily local flights with 20 planes, chief executive Sanjay Aggarwal said on Tuesday.
Kingfisher, which is scrambling to raise funds as banks have refused to lend the debt-laden carrier more for day-to-day operations, will discontinue all international operations by April 10, Aggarwal said after a meeting with the regulator.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Troubled carrier Kingfisher Airlines is liable for prosecution over unpaid taxes, aviation minister Ajit Singh told reporters on Tuesday. The minister said the onus to save Kingfisher Airlines was on chairman Vijaya Mallya. "Vijaya Mallya has to convince DGCA (directorate general of civil aviation) that he is in a position to operate an airline ... The onus is on him," Singh said.
Kingfisher Airlines has submitted a new flight plan to the country's aviation regulator and will operate up to 125 daily local flights with 20 planes, chief executive Sanjay Aggarwal said on Tuesday.
Kingfisher, which is scrambling to raise funds as banks have refused to lend the debt-laden carrier more for day-to-day operations, will discontinue all international operations by April 10, Aggarwal said after a meeting with the regulator.
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