Vijay Mallya’s Kingfisher airline has license suspended

Indian aviation regulator DGCA has suspended the licence of Dr.Vijay Mallya’s carrier, Kingfisher Airlines.

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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