Kingfisher revival plan crashes


A revival plan proposed by India’s troubled Kingfisher Airlines is not enough to get the carrier back in the skies, an Aviation Ministry official said Friday.

Kingfisher has been grounded since October and boss Vijay Mallya hopes to restart limited operations in March, but the government is not convinced by his firm’s proposals.

“The airline has to demonstrate its capability to run efficiently. It has not provided a convincing plan to resume operation,” the official told reporters, adding that unpaid debts also need to be cleared.

Kingfisher, which has never made a profit since it started operations in 2005, owes millions of dollars to banks, airports, fuel suppliers and staff.

Most of its approximately 4,000 employees have not been paid since May 2012, which led to discontent among pilots and engineers in October.