The airline that got a lot of headlines recently is in serious trouble now. Its license is about to get expired and people are speculating that Kingfisher will soon become history.
KINGFISHER AIRLINES is at the verge of becoming a history. The license of Vijay Mallya-owned airlines is about expire and there seems to be a slim chance of it getting renewed. The expiry date is December 31 and the license cannot be renewed until and unless the management is able to get the suspension on the airlines revoked by the Directorate General of Civil Aviation (DGCA).
Past similar incidents of other airlines have proved time and again that it is quite difficult to get an expired license renewed. According to the rules, an expired license first has to be revived and then only it can be renewed. As per a source, the next step for the Kingfisher Airlines
is make revival strategies, get funds for the same, convince DGCA to lift suspension in time to get a renewal. The other option that the airline can take is remain grounded, shut down the business
or restart the business under a new name and under the name of a new investor.
MDLR and Paramount are the two biggest examples of airlines in India who once fallen could not rise to the occasion again. Modiluft, which was kick-started by Lufthansa and the Modi group in 1993 closed and another NRI tried to kick-start the same venture under another name of Royal Airways. However, the NRI Bhulo Kansagra could not do it and he got some more promoters and renamed the endeavor as SpiceJet, which is now one of the best budget airlines in India.
While we all know where Kingfisher stands and how interested the Mallyas are in renovating the airline and give it flight again, no one for sure knows its fate.