Kingfisher Airlines on Wednesday filed a fresh flight schedule with the DGCA as per which the airline will operate only 170 flights with its 28 functional aircraft after the aviation regulator rapped the former for cancellations on Tuesday and asked it to come up with realistic flight schedule in the present situation.

DGCA sources say the carrier submitted a revised winter schedule of flights it would operate till March, which is being examined.

Earlier in the day DGCA Chief E K Bharat Bhushan had a meeting with Civil Aviation Minister Ajit Singh and he briefed him about the financial situation of the carrier. There were reports that banks are willing to help the airline but the Aviation Minister again clarified that the Government can’t bail out any private airline.

"We have made it clear and I am sure Mr (Vijay) Mallya knows that Air India is a Government concern. Whatever help we give them (Air India), we cannot do it to any private industry,” he said.

"We have said it before that banks will decide that (pumping in money). Government is not going to interfere in it. Banks have to follow RBI guidelines. They have to worry about their NPAs . They have to decide on the basis of the business plan of the company. If they are satisfied with the business plan, they can lend money," he added.

Sources said that as per the revised schedule, the airline would operate about 170 flights daily, instead of over 400 it had sought permission for last October when the winter schedule for the airlines came into operation.

Meanwhile, RBI said it is not opposed to SBI extending support to Kingfisher Airlines, its Deputy Governor KC Chakrabarty said today. "Absolutely not," he told reporters when asked to comment on reports suggesting that SBI has agreed to pump more money into the airline.

RBI does not oppose "professional decision" of the bank, Chakrbarty said.