Kingfisher cuts down daily flights from 400 to 175
Industry sources said that, now, with the continuing mess, it is very unlikely that the carrier would make it to 'oneworld' for a long time to come. “It will take a lot of time before the airline resolves its financial issues. It has losses of over R7,000 crore. Bankers are yet to agree on supporting it. Unless all that is resolved, oneworld will not happen," a source said.
Kingfisher has been too keen to be a part of oneworld that has 12 members and 20 affiliate airlines like British Airways, Cathay Pacific, American Airlines and Finnair. The carrier was supposed to join the alliance on February 10. However, on February 4, oneworld chief executive officer Bruce Ashby said that "it has become increasingly clear recently that the airline needs more time to resolve the financial issues it is confronting before it can be welcomed into oneworld."
The carrier has troubles with the International Air Transport Association (IATA) also. The Geneva-based IATA clearing house (ICH) had suspended the airline due to non-payment of dues to other members. According to a source, the company has "managed to pay the dues with IATA clearing house and has been reinstated in the network."
The problem has now mounted for the carrier that has been on a
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