IATA suspends Kingfisher Airlines

[straitman]

A temporary suspension, we hope.

IATA suspends Kingfisher Airlines

The International Air Transport Association (IATA) has suspended Kingfisher Airlines from the global carrier-to-carrier account clearing system after the Indian carrier failed to make payments that were due.

The suspension means Kingfisher is unable to code-share with IATA’s 240 member airlines, representing more than 80% of international air traffic. In addition, the carrier will not be able to use other interline rights which will directly impact on passengers.​

 

[docjames]

Without a government bailout, it's hard to see Kingfisher surviving. Vijay Mallaya doesnt seem to want to right the ship at all...

 

[elbarto]

Mallaya isn't smart enough to right it, just smart enough to convince investors to put money in at just under the limit where they get control. Then he runs off with the proceeds and IT ends up digging itself into a deeper hole.


Sent from my iPhone

 

[anat0l]

Mallaya isn't smart enough to right it, just smart enough to convince investors to put money in at just under the limit where they get control. Then he runs off with the proceeds and IT ends up digging itself into a deeper hole.

Seems to be the case of most of the Indian airlines at the moment.

"Trouble? What trouble?" he said as his pants started to burn fiercely.

In a sense, to get out of this mess, someone has to have some faith that there is at least the capacities and capabilities that the airline can survive. With no confidence, it's as good as dead. (Just like people - if you pretend someone is dead and treat them as such, then they can be alive but they are as good as being dead.) Cart before horse, perhaps, but that does explain the attitude of the company leaders of the airlines at the moment (including Air India, who has, perhaps unfairly or maybe not, the additional "cushion" of the Indian government).

 

[elbarto]

Seems to be the case of most of the Indian airlines at the moment.

"Trouble? What trouble?" he said as his pants started to burn fiercely.

In a sense, to get out of this mess, someone has to have some faith that there is at least the capacities and capabilities that the airline can survive. With no confidence, it's as good as dead. (Just like people - if you pretend someone is dead and treat them as such, then they can be alive but they are as good as being dead.) Cart before horse, perhaps, but that does explain the attitude of the company leaders of the airlines at the moment (including Air India, who has, perhaps unfairly or maybe not, the additional "cushion" of the Indian government).

You have to wonder what goes on there. Kingfisher couldn't even make money during the period a few years back when airlines in India were managing to make money despite their general mismanagement.

 

[JohnK]

Isn't this one of the biggest airlines in India? Not good....

 

[markis10]

Kingfisher is suspending all international services except 1 now: Kingfisher Airlines to Suspend International Service Except Delhi – Dubai in S12 as of 14MAR12 | Airline Route

 

[elbarto]

BA has terminated their codeshare agreement as well Business Line : Industry & Economy / Logistics : British Airways, Kingfisher code share pact suspended

 

[markis10]

And now they have even cancelled that one last international route, things are starting to move fast.

 

[docjames]

They'll completely stop once the fuel cant be paid for....... (ring any bells?)

 

[Timba-Jet]

Seems like only a miracle will save Kingfisher now.

On a side note, Very surprised QF were offering to reroute their customers on with Kingfisher when they cancelled the SIN-BOM route.