May cancel Kingfisher's licence: Ajit Singh
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May cancel Kingfisher's licence: Ajit Singh

New Delhi : India | Mar 20, 2012 at 2:27 AM PDT
Source: Indian Express
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Kingfisher Airlines, which has debt of $1.3 billion, is scrambling to raise funds as banks have refused to lend more for day-to-day operations. A massive cutback in flights has reduced its revenue, leaving the carrier with little cash to pay its employees, airports and tax authorities. FULL ARTICLE AT Indian Express
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India's Kingfisher Airlines said on Tuesday that it was cancelling at least 50 flights a day every day until November 19
India's Kingfisher Airlines said on Tuesday that it was cancelling at least 50 flights a day every day until November 19
 
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READ MORE: Kingfisher, airlines, Flights, Kingfisher Airlines, DGCA, aviation minister, civil aviation, Vijay Mallya, India, new delhi, airline
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