The flying licence of India's Kingfisher Airlines was suspended
Saturday after the debt-laden carrier failed to satisfy the aviation
regulator's concerns about its operations, an official said.
The licence of the airline, whose fleet has been grounded for days
due to a strike over unpaid salaries, has been suspended until it
presents a “viable” revival plan, said R.K. Khanna, the deputy director
general of civil aviation.
Kingfisher, which has billions of dollars in debts, has not paid
staff for seven months and is desperately seeking a foreign buyer to
save it from complete collapse.
Relations between the Kingfisher management and its staff reached a
boiling point last month after the company declined to commit when it
would settle its dues, prompting employees to boycott work.
“The stage had come when the airline neither had engineers nor pilots