Kingfisher submits plan to DGCA

Kingfisher Airlines has submitted a plan to the Director General of Civil Aviation (DGCA) to restart operations with seven aircraft. The plan states that its parent group would provide initial funding and it has requested to have its flying licence renewed. UB Group has outlined a 6.5 billion rupee funding plan for Kingfisher. Within a few months the airline intends to increase its fleet to 20 aircraft within a few months. It also needs to obtain a “no objection certificate” from the Airports Authority of India and tax authorities, which are prerequisites for it to fly. Kingfisher has offered to