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Feb 22, 2012, 05.24 PM IST
Kingfisher Airlines has submitted a copy of its revised schedule to the Directorate general of Civil Aviation (DGCA). The crisis-hit airlines has formally announced a sharp drop in their operations.
The DGCA had pulled up the airlines' CEO Sanjay Aggarwal on Tuesday for the sudden flight cancellations and not coming up with a realistic plan.
Only 28 of 64 Kingfisher aircraft will operate now. DGCA will monitor Kingfisher's flight safety measures on a daily basis.
Sources in DGCA said that they were reviewing the new schedule.
Meanwhile, Kingfisher Airlines resumed its Kolkata operations on Wednesday after DGCA asked them not to shut down their operations in the city on Tuesday. Four flights started from Kolkata to the northeast region.
However, flight cancellations in other cities continued as 14 flights were cancelled in Mumbai, four in Delhi and ten in Bangalore on Wednesday.
SBI refuses to confirm reports on bailout
The State Bank of India (SBI) has refused to confirm reports that the bank has decided to extend a relief package to the crisis-hit Kingfisher Airlines.
SBI has said that it cannot confirm the reports due to client confidentiality.
Reports had suggested that SBI had decided to extend a Rs 1650-crore relief package to Kingfisher Airlines.
The government maintained that it had no plans to give a bailout package to Kingfisher Airlines.
Civil Aviation Minister Ajit Singh said, "Air India is a government concern, what government does for Air India, it cannot do the same for a private airline."
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