Beleaguered Kingfisher Airlines CEO Sanjay Aggarwal has reportedly told aviation regulator Director-General of Civil Aviation (DGCA) that the carrier would fund its revival plan with internal resources.

Sources in the Aviation Ministry said that Aggarwal told the DGCA Arun Misra that the source of funding for the airline's revival would be through their own resources.

The sources also said that the DGCA told Aggarwal that the suspended licence would be revoked only after the carrier submits a revival plan and then the civil aviation regulator scrutinised it to make sure that the airline would be able to conduct its operations in a sustainable manner.

The civil aviation regulator also told the carrier's management that its stakeholders, including Airports Authority of India (AAI), oil companies and maintenance, repair & overhaul operators had to support the carrier's yet-to-be-submitted revival plan.

A senior pilot from Kingfisher said, "We have been told that the money would come from the UB Group and according to my knowledge the revival plan would be submitted next week."

Aggarwal met the DGCA after the carrier put an end to the 25-day-old lockout by reaching a deal with striking employees on Thursday. The employees agreed to return to work after the management agreed to pay workers four months salary dues by December's end and clear salary dues for March within 24 hours of resuming work.

The management hit the agreement with protesting workers after workers threatened that they would stage protests during the ongoing Formula One Grand Prix, in which Kingfisher' chairman Mallya is participating.