DGCA hopes to get FAA's level 1 tag back; on hiring spree

Written By Unknown on Sabtu, 29 Maret 2014 | 23.26

Over the last few weeks, the Indian aviation regulatory body has hired 35 technical engineers - a chunk coming from the now defunct Kingfisher Airlines - as it seeks to impress upon the US aviation body (FAA) that India is working towards upgrading its technical preparedness.

In the aviation space - hoping to be upgraded back to level 1 by the US Regulator FAA - the DGCA is on a hiring spree.

Over the last few weeks, the Indian aviation regulatory body has hired 35 technical engineers - a chunk coming from the now defunct  Kingfisher Airlines - as it seeks to impress upon the US aviation body (FAA) that India is working towards upgrading its technical preparedness.

Earlier in January, FAA had downgraded India to level 2, putting the country alongside nations like Uganda and Zimbabwe.

Kingfisher Air stock price

On March 28, 2014, Kingfisher Airlines closed at Rs 2.18, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 8.80 and the 52-week low was Rs 2.12.


The latest book value of the company is Rs -166.59 per share. At current value, the price-to-book value of the company was -0.01.


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