Submit flight schedule by Feb 22: Regulator to Kingfisher

Published on Tue, Feb 21, 2012 at 12:53 |  Source : Moneycontrol.com

Updated at Tue, Feb 21, 2012 at 15:10  

37354 Investors following Kingfisher Air. Share this News with them.
0
0
Share on Tumblr
Submit flight schedule by Feb 22: Regulator to Kingfisher

ALSO READ

Moneycontrol Bureau

The Directorate General of Civil Aviation (DGCA) has ordered special surveillance on all Kingfisher Airlines ' flight following a meeting with the airline's CEO, Sanjay Aggarwal this morning. The airline has in the past few months cancelled around 50 flights and on Sunday, the issue aggravated when the airline, without prior intimation to its passengers cancelled 22 flights.

In the wake of massive KFA flight disruptions, the aviation regulator had summoned Aggarwal seeking an explanation on the entire issue of flight cancellation. "We have asked the airline to submit a revised flight schedule," said Bharat Bhushan, the DGCA chief.

KFA which is currently operating 38 aircraft of the total 64, has assured the regulator that it will submit a report within 24 hours. "We have not cancelled flights due to pilot shortage," said Aggarwal referring to media reports that there is a crunch of cockpit crew in the airline.

Meanwhile, shares of the company plunged 20% to 21.40 following news of the DGCA summoning KFA official on flight disruption issue. However, the stock pared some of its initial losses and was down 9%.

Did You Read: Timeline Kingfisher: A slow descent into chaos

  

Trending News

Business News

Buying Opera could cost Facebook over $1 billion
IT dept freezes Kingfisher Airlines' bank a/c, again "IT dept freezes Kingfisher Airlines' bank a/c, again"

Will quit if Team Anna's charges are proved: PM

Ved Jain Says On CNBC-TV18 Nature Of The Fraud & Involved Needs To Be Ascertained First

The latest earning numbers FIRST on CNBC-TV18
Videos

May 29 2012, 20:32

Price rally may not continue in IT space: Bandyopadhyay

- in Stocks Views

May 29 2012, 12:19

Expect Tata Motors Q4 PAT at Rs 4200 cr: StanChart

- in Brokerage Results Estimates

Interviews

May 29 2012, 17:34 | Source: CNBC-TV18

Will raise Rs 250cr via ECB route next year: Hind Copper  

May 29 2012, 15:44 | Source: CNBC-TV18

Improving priority sector lending norms main focus: IDBI  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!