Kingfisher Airlines to turn active

The stock of Kingfisher Airlines will see higher activity this week at the bourses as the company has extended its partial lock-out till October 20. Kingfisher Airlines had declared a three-day lockout from October 1 that was later extended till October 11. The company has appealed to the striking employees to return to work so that the airline can share its plan to resume operations with the Directorate General of Civil Aviation and gain its concurrence. While the resumption of service will send positive signal, further continuation of lock-out will jeopardise its existence itself. It may be recalled that early this month, DGCA issued a show-cause notice to Kingfisher saying why its licence should not be “suspended or cancelled” as the airlines failed to establish “safe, efficient and reliable service.” The deadline for the show-cause closes on October 20.