1. KIPLING INDIA TRAVELS PVT. LTD
OFFICIAL NEWSLETTER
22-Oct-2012
KINGFISHER AIRLINES LICENSE SUSPENDED
MUMBAI: Following a suspension of license by the DGCA on Saturday,
shares in Kingfisher Airlines LtdBSE -4.80 % dropped 4.8 per cent on
Monday. Kingfisher's licence was suspended after it failed to address the
regulator's concerns about its operations,forcingthe debt-laden carrier to
stop taking bookings.
The Directorate General of Civil Aviation (DGCA) suspended the Scheduled
Operator Permit of Kingfisher AirlinesBSE -4.80 % till further orders, Civil
Aviation Ministry officialssaid.
Suspension of flying license implies an immediate halt to all bookings on
the entire Kingfisher network as well as through travel agents, the officials
said.
The liquor baron Vijay Mallya-owned carrier has been saddled with a loss of
Rs 8,000 crore and a debt burden of another over Rs 7,524 crore, a large
part of which it has not serviced since January. The airline currently has
only 10 operational aircraft compared to 66 a year ago.
Asked why the license was suspended, the officials said the government did
not want a situation where the airline, which was on cash-and-carry mode
for almost all service providers, re-starts operations and then keeps flying
in fits and starts, as has been happening since last year-end.
The airline, under a lockout since October one and resultant suspension of
entire operations, had yesterday sought more time to respond to the
DGCA's show-cause notice but did not give any timeline by which it would
do so.
The DGCA had issued the show-cause notice on October 5 to the crisisridden carrier asking why its flying licence should not be suspended or
cancelled as it was not adhering to its flight schedule and "abruptly
cancelling its flights time and again during the last 10 months", causing
great inconvenience to the travelling public.
Kipling India Travels Pvt. Ltd Address :- 303, 3rd floor, MM Plaza B1, Mini Mkt, Janakpuri New Delhi – 110058
Phone number:- 011 25525312, 45528702 E-mail address: info@kiplingindiatravels.com

2. KIPLING INDIA TRAVELS PVT. LTD
OFFICIAL NEWSLETTER
The aviation regulator had given the airline 15 days to respond, the
deadline for which also expired.
The airline has suffered losses of Rs 1,609 crore in 2008-09, Rs 1,647 crore
in 2009-10, Rs 1,027 crore in 2010-11 and Rs 732 crore in 2011-12.
Elaborating on the suspension of licence, the Civil Aviation Ministry officials
said the flying permit was suspended under the Civil Aviation Rules and
provisions of the Aircraft Act.
The permit would remain suspended till such time that Kingfisher submits
"a concrete and reliable plan" to relaunch its scheduled operation "to the
satisfaction of the DGCA".
Kipling India Travels Pvt. Ltd Address :- 303, 3rd floor, MM Plaza B1, Mini Mkt, Janakpuri New Delhi – 110058
Phone number:- 011 25525312, 45528702 E-mail address: info@kiplingindiatravels.com