The DGCA, which found all Indian carriers were neglecting safety due to widespread sickness in the industry, made it clear that no airline would be allowed to take a "short-cut" on the safety front.
Apart from cancellation of flying permits, the report suggested steps like slashing of flights or asking the carriers to fly a lesser number of aircraft which they can properly maintain.
On receipt of responses by all airlines by this weekend, the DGCA would study their plans on how they would go about resolving the problems identified in the financial surveillance, which was carried out for the first time.
Issues like maintenance of aircraft, shortage of commanders, pilots and cabin crew, lack of adequate training, scarcity of aircraft engines, components and crucial spares, were found in the study.
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