8216;Kingfisher may lose flying permit8217;

8220;The airline not only lacks aircraft,they also lack funds for day-to-day operations. They are failing to meet their flight schedule,causing inconvienence to the passengers and also they failed to give salaries to their employees for past four-five months,8221; official sources said.

The sources said Kingfisher may be planning a quite shut down and Mallya being an 8220;accountable8221; person has been asked to meet the DGCA to present a clear picture.

The whole picture is likely to become clear in few days,the officials said.

The beleaguered airline was served a show cause notice by the Civil Aviation regulator DGCA towards the end of February asking why its licence should not be suspended as it had made unannounced cancellations.

The 15-day mandatory notice period has already lapsed and they have failed to give a valid reason for curtailment of their flight schedule,most of their explanations are unsatisfactory and they have not given a definite recovery plan,officials said requesting anonymity said,adding the airline is presently operating only 15 or 16 aircraft.

Facing severe fund crunch,Vijay Mallya-promoted airline has decided to curtail its overseas flights operations to avoid further losses and also return of a leased aircraft.

According to sources,the airline has planned to suspend its overseas operations from March 25,except Delhi-London which it is withdrawing from April 9. Also the airline would return its wide body airbus A 330-200 aircraft to a lessor in the United Kingdom.