Real-time Stock quotes, portfolio, LIVE TV and more.
Sep 26, 2012, 08.26 AM IST
The Directorate General of Civil Aviation (DGCA) has given a clean chit to cash-trapped Kingfisher Airlines in its safet audit. According to the report, the aviation regulator has not found any safety lapse by KFA, reports CNBC-TV18.
However, KFA has been asked to respond on procedural issues. The Vijay Mallya led-company is likely respond to safety audit by October 30.
Meanwhile, the DGCA is working with state govts to lower taxes on air turbine fuels (ATF). It is also hoping to bring down ATF prices by 5-10% in near future.
With most of the airlines facing financial problems and reports of airlines not properly following safety norms, the DGCA had ordered for a safety audit of all the airlines. The regulator had conducted a safety audit of all airlines in December. The exercise found serious irregularities with Kingfisher Airline and Air India Express.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy