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Will Kingfisher Airlines Survive?
Unable to pay its crews, Kingfisher Airlines grounded its fleet this week. Employees are in the midst of a strike and things aren’t looking good. Lenders refused funding, and employees can’t expect getting their full salaries in the foreseeable future. The biggest hurdle to getting permission to fly will be running the gauntlet of... »
Air Australia Passengers Stranded
Brisbane’s budget airline Air Australia just announced that flights are canceled and there will be no more new bookings because it can’t pay its bills. The company is now in Australia’s version of bankruptcy protection (voluntary administration). A portion of 4000 passengers were left stranded in places like Phuket and Honolulu. Jetstar and Qantas... »
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