Beleaguered Kingfisher Airlines,which has resolved a 26-day deadlock over salary dues with itsemployees, Friday told aviation regulator Directorate Generalof Civil Aviation that it would use its own resources to fundits revival.
At a meeting with DGCA chief Arun Mishra, airline CEOSanjay Aggarwal informed him that "at present, the source offunding for the airline will be through their own resources,"official sources said after the 30-minute meeting.
The assurance came a day after Kingfisher promised to payfour months' pending salary to its employees by December, whoimmediately called off their strike and the management liftedthe 25-day lockout.
While there is no tangible information about any freshinvestments coming in the near future, the sources saidKingfisher would have to spend its own resources for revival.
It has been shelling out an average of about Rs 20 crore amonth on payment of salaries to about 4,000 employees.
The airline's top brass are likely to discuss the revivalplan with UB Group chief and Kingfisher promoter Vijay Mallyavery soon, officials said.
At the meeting, the DGCA chief asked the management totake on board all its stakeholders like Airports Authority ofIndia, other airport operators, oil companies and Maintenance,Repairing and Overhaul operators to support the airline'srevival plan, the sources said.
The regulator said it would also be consulting thesestakeholders before it took any decision to revoke suspensionof the airline's flying license imposed on October 5.
The DGCA also asked the debt-ridden airline to prepareand submit its winter schedule, depending on the number ofaircraft it had in its fleet.
The carrier, which last year had a fleet of 66 aircraft,now has ten -- seven Airbus A-320s and three ATR turbo-props.
One more aircraft would join the fleet soon after it completesthe mandatory engineering check.
Kingfisher is saddled with a loss of Rs 8,000 crore and adebt burden of another over Rs 7,524 crore, a large part ofwhich has not been serviced for several months.