February 20, 2012

Crisis mounts, as Kingfisher cancels 80 Flights

Cash-strapped Kingfisher Airlines plunged into a deep crisis today, as it had to cancel around 80 flights across India in the last two days. Most flights operating from Kolkata and Mumbai are badly affected.

The airlines has already stopped taking bookings for Mumbai-Delhi-Mumbai flights. Efforts are on to accommodate the passengers of cancelled flights. Many passengers are left stranded because of this turbulence.

According to reports, many flights operating on the zones of Lucknow, Patna, Srinagar, Kolkata, Hyderabad, Pune and Ahmedabad were also cancelled, while some international flights to Dhaka and Bangkok have also been affected.

It was reported the ground staff in Kolkata have stopped work in protest against the non-payment of their dues for the last two months.

The Kingfisher operations from Tier-II and Tier-III cities are likely to be affected until March-end. The airlines owes Rs 1,500 crore to SBI and Rs 400 crore each to Corporation Bank and Bank of Baroda. It also owes Rs 380 crore to Federal Bank.

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