SBI objects to new airline from Captain Gopinath

Victoria
By Victoria June 10, 2013 13:37

SBI objects to new airline from Captain Gopinath

The State Bank of India (SBI) is objecting to the proposal of Captain Gopinath to float a budget airline due to the fact that he still needs to repay loans of about Rs 500 crore to various banks outstanding from Deccan Cargo and Express Logistics which ran Deccan 360.

SBI has written to the Directorate General of Civil Aviation (DGCA) registering its objections to Gopinath’s proposal.

Gopinath applied for a licence to start another airline in 2012.

Victoria
By Victoria June 10, 2013 13:37
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