DGCA says Kingfisher reneged on recovery plan

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Kingfisher Airlines failed to stick to its agreed recovery plan, the head of regulator Directorate General of Civil Aviation (DGCA) said on Wednesday, adding the current situation at the debt-laden carrier cannot be allowed to continue for long. Kingfisher submitted a plan to turn around its loss-making operations to DGCA in January.
First Published: Mar 15 2012 | 12:00 AM IST