The time when foreign airlines are investing aggressively in Indian aviation sector with the Jet-Etihad deal and the proposed launch of Air Asia India; India’s Kingfisher airline is struggling to get its license back from DGCA.
Even, the ease in FDI limits to 49% has not been favorable for the carrier owing to its current financial position in the market.
The airline which was grounded last October has a very little hope to gain its license back which will be valid till October 2014. The airline seems no hope to revive itself back in the market due to the following reasons:-
· Aircraft lessors taking back their aircraft after deregistering them
· Airports Authority of India (AAI) seizing several aircraft of the carrier and not releasing them till the airline clears their dues
· Unpaid salary to employees
· Old associates and executives leaving the firm
The airline is said to be currently in a state of huge funding and loyal employees who could help the airline survive again and regain its license.
