Chennai Video
Latest Buzz...
Flash News
47th International Film Festival of India
The 47th International Film Festival of India will begin...
Apple CEO Mr Tim called on Mr Modi today
The CEO of Apple Inc., Mr. Tim Cook, called...
Bank employees to go on strike on July 29
Bank employees across the country will go on a...
Cyclone moves towards Bangladesh
Cyclonic winds bypassed the Indian coast and moved towards...
Summer Special Trains
Southern Railway will operate the following Suvidha special trains...

February 20th, 2012
Kingfisher CEO and top officials summoned

Kingfishers CEO and top officials were summoned today by the DGCA to explain the large-scale disruptions in the operations of the cash-strapped carrier even as government ruled out any bailout.

The Directorate General of Civil Aviation (DGCA) has asked senior officials of the airlines, including CEO Sanjay Aggarwal, to appear before it tomorrow to explain the cancellations.

More than 20 flights were cancelled today. About 80 flights of the carrier from six metro cities did not operate yesterday leaving hundreds of passengers stranded.

The ailing carrier had till late last evening failed to file a report on the number of flights it had cancelled since Friday night to the DGCA.

Civil Aviation Minister Ajit Singh made it clear that government will not bailout the airline.

No, government is not going to have any bailout, the Minister told reporters, adding, Government is not going to ask banks or private industry for that matter.

Recently government had seized their bank accounts also. So our first concern is that flights which are ongoing, passenger safety should not be compromised and then let us see what reply they give. DGCA is inquiring into it, Singh said.

He said Kingfisher is facing several financial problems.