Kingfisher Airlines failed to stick to its agreed recovery plan, the head of regulator Directorate General of Civil Aviation 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.
Cash-strapped Kingfisher said on Wednesday it will cut back its overseas flights as the troubled carrier looks to slash costs and attract funding from wary bankers and sceptical investors.
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