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IATA swoops on Kingfisher again
Friday, 08 Mar, 2012
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Troubles continue to pile up for India’s beleaguered Kingfisher Airlines.
The airline has been suspended by IATA for non-payment of dues for the second time in just over a month. The move bars Kingfisher from participating in the clearing house system which enables the airlines to settle their interline billings globally.
This is the second time since February 2 that the cash -strapped carrier has been suspended by IATA for not paying its dues.
Kingfisher Airlines, which has had its bank accounts frozen, last month delayed joining the global oneworld alliance due to its precarious financial position.
The airline has never made a profit since its launch in May 2005.
Ian Jarrett
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