Grounded Indian carrier Kingfisher Airlines has lost its operating licence from the country’s aviation authorities.
But Kingfisher, which has not operated any flights since October due to financial problems, said the loss of its licence was “no cause for concern” as it could be renewed within the next two years.
India’s Directorate-General of Civil Aviation (DGCA) said that Kingfisher’s permit to fly had “lapsed” after the airline had “failed to provide additional details on the funding of operations”.
The airline submitted a “restart and rehabilitation plan” to the DGCA last month which stated that funding to get Kingfisher back in the air would come from its parent company, United Breweries Group.
Kingfisher said in a statement: “There is no cause for concern as the regulations permit license renewal within two years of expiry.
“Kingfisher Airlines is confident of securing approval from the DGCA on the restart plan, License approval and reinstatement of its AOP (Air Operator's Permit).”
Last month, Kingfisher said it was in talks with potential investors, including Etihad Airways, about possible investment in the company.