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Government not satisfied with Kingfisher’s investment plan

Government is not satisfied with Kingfisher Airlines’ plans to invest Rs 650 crore to resume its operations as it may not guarantee an efficient and reliable service, a senior DGCA official said on Friday.

“We want an airline to operate in consistent, efficient and reliable manner. The revival plan, which was submitted by the airline, had lots of issues regarding lenders, staff payment which we felt may not lead to reliable services,” the official said.

The airlines had lost its operating licence on December 31, 2012 and had stopped flying since October.PTI


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