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India's Kingfisher airline boss promises restart, expressing confidence to win investment deal

Published on Jan 10, 2013 8:09 PM
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In this photograph an Indian customer service representative stands inside the closed window of a Kingfisher Airlines booking counter at Indira Gandhi International Airport in New Delhi. India's troubled Kingfisher Airlines has lost its permit to fly after a deadline to renew its suspended licence expired, the national aviation regulator said on Jan 1. -- PHOTO: AFP

MUMBAI (AFP) - The boss of India's troubled Kingfisher airline has sought to allay fears about jobs in a rare communication to staff, which outlines plans to restart limited operations and win a foreign investment deal.

Kingfisher, whose operations have been grounded since October, lost permission to fly after a deadline to renew its suspended licence with the aviation regulator expired at the start of the new year.

Mr Vijay Mallya's email, sent late Wednesday, expressed hopes for a limited re-start of flights from March this year, requiring funding of 6.5 billion rupees (S$146 million) which would be provided by the airline's parent UB Group.

The airline has submitted a detailed restart plan to the regulator, he said, also reiterating that there were "discussions with multiple investors", including Abu Dhabi-based Etihad Airways, to sell a stake in the airline.

 
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