DGCA renews KFA's maintenance & engg training licence

Kingfisher Airline's flying permit expired on Monday but the Directorate General of Civil Aviation (DGCA) renewed its maintenance and engineering licence. Sumit Jha of CNBC-TV18 reports on what this means for the airline and if it changes anything for the airline.

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On Monday, Kingfisher Airlines had two licenses up for renewal. One was for the flying permit and the other was for the maintenance department of the airline. DGCA could not renew the flying permit because of the want of a solid revival plan. The maintenance certificate or the licence has been renewed by the regulator. What that means is that Kingfisher Airlines' (KFA) engineers can now certify aircrafts of its airworthiness.
In the bigger picture, this is mere technicality because it doesn’t change anything. Kingfisher still cannot fly. Kingfisher owes about several hundred crores to different stake holders. For example, it owes Rs 290 crore to the Airport Authority of India (AAI). It owes different private airport operators and it has not even paid employees their salaries since May.
So, the bigger picture is that Kingfisher needs to come up with a solution to convince these stake holders before a second revival plan is presented to DGCA. For DGCA to consider it, Kingfisher will need to convince all these stake holders.