The Vijay Mallya promoted full service carrier is grounded since October 2012, and lost its flying license on December 31, 2012 following refusal by the civil aviation regulator Directorate General of Civil Aviation (DGCA) to renew it after the airline management failed to come up with a "satisfactory" plan of operations.

The airline, however, was given a two-year time to get its license renewed, which expires on December 31, 2014.

"Kingfisher Airlines (KFA) AOP will finally lapse on December 31 which means the company will have to apply afresh for flying permit, if it wants to fly again," a senior DGCA official said.

He, however, said that securing an AOP involves a number of regulatory approvals from aviation regulator Directorate General of Civil Aviation (DGCA), no-objection certificates from civil aviation and other ministries, security clearances for the top management team of the proposed airline from home ministry as well as comments and suggestions from various stake holders.

It is a co-incidence that Kingfisher Airlines' AOP will lapse in the same month in which Tata-SIA's joint venture full service carrier Vistara secured its scheduled operator permit.

According to sources, the beleaguered airline still has 2,000 employees on its roll who, including former staffers who have quit the airline during this period, have not got their salaries since September 2012.

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