Kingfisher Airlines Edging Closer to Oblivion

Banks are refusing to lend the debt-laden Kingfisher Airlines funding, and they are scrambling to keep afloat. They owe over 1.3 billion.

All international operations will be discontinued by April. Kingfisher submitted a plan of operation twenty planes making 125 daily flights but it remains to be seen if India will let it fly. Kingfisher is be liable for unpaid taxes, so the government may lean toward letting them keep afloat to provide a revenue stream for those overdue taxes. But that means that safety norms and financial viability conditions must meet standards and the greatest consideration is that (citing a January financial surveillance report by the Directorate General of Civil Aviation (DGCA)“reasonable case exists for withdrawal of their (Kingfisher’s) airline operator permit as their financial stress is likely to impinge on safety.”

The State Airports Authority of India is allowing Kingfisher to operate only flights for which the airline has paid from Monday midnight to Tuesday midnight.