Guest fountainhall Posted March 7, 2012 Posted March 7, 2012 Just a couple of years ago, Skytrax named India’s young Kingfisher Airlines as one of the five best in the world. With its increasing international network, it was also drawing excellent reviews from passengers. Struggling for months, Kingfisher has now been told by IATA that its membership has been suspended, a result of failure to pay its bills. This means that it can not use the IATA clearing house for multi-leg journeys involving other carriers, and is surely a large nail in the airline’s coffin. Kingfisher says the suspension will not affect its customers. But Reuters News Agency has reported that Kingfisher is currently only using 28 of its 68 planes due to funding problems. Its debts are estimated to be around US$1.3 billion. The airline dropped Bangkok from its schedules last year, and so through-tickets from Europe have not been available for some time. If the airline does go belly-up, it’s therefore unlikely that any gaythailand members will be affected. http://www.bbc.co.uk/news/business-17283571 Quote
