The shares of troubled airline, Kingfisher Airlines recorded a fall of 5 per cent on the domestic stock exchange ahead of a crucial performance report by India's aviation watchdog, the Directorate General of Civil Aviation today.

India's Civil Aviation Minister Ajit Singh has said that the ministry will decide on the next course of action on troubled Kingfisher Airlines based on a report by aviation regulator DGCA.

Mr. Singh said that the government is waiting for the DGCA report on Kingfisher Airlines to decide on the next step. Mr. warned that the government may have to cancel Kingfisher Airlines' license as the company is not adhering to the plans are significant for its operations.

Mr. Singh said that the Mr. Vijay Mallya has put forward many plans for managing the company's operations but is yet to adhere to any one of the plans. He said that the it is difficult for the airline to operate if it is not able to pay for fuel adding that the Directorate General of Civil Aviation (DGCA) will decide upon canceling its license.

The DGCA is likely to call Vijay Mallya to know what are his plans for the troubled airline. The airline will be allowed to operate as long as it is able to keep its passengers safe and follow schedule.

According to estimates, Kingfisher has a total debt of about Rs 7,000 crore and accumulated losses of about Rs 6,000 crores.