October 26, 2012 9:08 PM

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Kingfisher to use own resources to fund its revival

Beleaguered Kingfisher Airlines, which has resolved a 26-day deadlock over salary dues with its employees, on Friday told aviation regulator DGCA that it would use its own resources to fund its revival.

At a meeting with DGCA Chief Arun Mishra, Airline CEO Sanjay Aggarwal informed him that at present, the source of funding 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 pay four months' pending salary to its employees by December, who immediately called off their strike and the management lifted the 25-day lockout.

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