Kingfisher Airlines stated today that it had started truncated operations in accordance with its new flight schedule, as the Indian aviation regulator (DGCA) examined its operational details to consider whether to take any punitive action against it. The remains uncertainty over moves by a consortium of 13 bankers to offer a fresh loan for the beleaguered carrier, amid reports that the lead bank State Bank of India has agreed to provide Kingfisher a Rs 1,650 crore relief package. The DGCA has begun examining the submissions made by Kingfisher officials, examining the airline’s fresh and curtailed schedule to operate 175 daily flights with 28

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