Kingfisher Airlines has sought more time to submit a comprehensive revival plan to the aviation regulator DGCA, according to reports.
Reports stated that the airline has written a letter to Civil Aviation Secretary K N Shrivastava seeking more time to submit its plan to get the suspension of its flying permit revoked.
This move came after its employees threatened to chalk out an action plan next week if they did not receive their May salaries by November 17.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.