Kingfisher has not submitted any revival plan, Aviation Minister

Kingfisher has not submitted any revival plan, Aviation MinisterThe troubled Kingfisher Airlines has not submitted any revival plan for resuming its operations in the country, according to Ajit Singh, Minister for Civil Aviation, Government of India.

"All they have to do is satisfy DGCA that they can do safe operation and sustain operations. They have to give a plan -- a financially viable plan. Hehas not given that so far," he said.

Kingfisher Chairman Vijay Mallya is yet to submit any revival plan for the airline, whose license was suspended after the company, was unable to pay its employees and other stakeholders. Kingfisher Airlines has a period of two years for getting its licenses renewed and resuming its operations in the country.

The minister has said has said that the parent UB Group needs to find a solid investor before the airline can be revived. The company is required to look for ways to reduce debt and pay off various parties including Airports Authority of India (AAI). The airline has to apply for the revocation of suspension of its Scheduled Operator's Permit (SOP) or flying license. The DGCA had earlier announced its decision to suspend the airlines licence as it believed that the company is unable to carry out its operations smoothly.