Wed, 16 Jan 2013 12:30:00 GMT | By Business Line

Kingfisher gets NOC from oil companies

The airline has not yet received any commitment on funding from the UB Group


Kingfisher gets NOC from oil companies (© Reuters)

New Delhi:  Kingfisher Airline CEO Sanjay Aggarwal met the Director General of Civil Aviation (DGCA) today. The meeting that lasted for 40 minutes is the first since the airline's licence was suspended on December 31.

The CEO declined to comment after the meeting. According to sources, Kingfisher apprised the DGCA of the developments to date in the airline. It has got the no objection certificate from airport operators and NOC from some leasing companies.

The airline has not yet received any commitment on funding from the UB Group. The airline reiterated that it is ready to fly from the summer schedule.

The Kingfisher Airlines stock was trading up 3.7 per cent at Rs 14.59 on the BSE in late morning trade.

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