“King of good times” – Kingfisher Airline has been going through a very rough phase almost if it were the “Badhsah of bad Times”. the recent news item referring to DGCA’s decision to de-register two of KF’s airline is another nail in the coffin. KFA (King fisher Airline) which is already in trouble with defaulting to Oil companies, Airport authorities and even to its staff, is suffering from a major cash and credibility crisis across the globe.
Consortium of Indian Banks have already refused to comply with KFA unreasonable demands and now it’s German Bank’s turn to turn its anger towards KFA.
It would not be a surprise if we get to hear that KFA is to go ahead with something similar to chapter 11 for bankruptcy protection in near future.
- All’s not well at Kingfisher Airlines (KFA) (awardz.wordpress.com)
- Jet, Kingfisher to be allowed 26% foreign ownership (awardz.wordpress.com)
- Kingfisher to restore its normal flight schedule in 3-4 months (thehindu.com)