Vijay Mallya’s Kingfisher airline has license suspended

Indian aviation regulator DGCA has suspended the licence of Dr.Vijay Mallya’s carrier, Kingfisher Airlines.
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The license was suspended as the management failed to present a credible revival plan and will remain in place until the carrier can present a convincing financial plan for its future.

The airline currently has a debt of $1.4 billion and never turned a profit since it commenced operations in 2005.

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