Kingfisher Airlines loses licence

Kingfisher Airlines’ flying permit, suspended by the Directorate General Of Civil Aviation ( DGCA), expired today. However, the airline put up a brave face, saying there was no cause for concern as regulations permitted licence renewal within two years. The Kingfisher Airlines stock fell 2.36 per cent to close at Rs 14.92 on the Bombay Stock Exchange. The benchmark Sensex fell 0.09 per cent.
The airline said it was confident of securing approval from the regulator to restart operations and

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