Kingfisher Airlines suspended by IATA for non-payment of dues
7 March 2012Beleaguered Kingfisher Airlines was today suspended for non-payment of dues for the second time in just over a month by the IATA from participating in a system which enables the airlines to settle their interline billings globally.
“‘IATA has suspended Kingfisher Airlines’ participation in the IATA Clearing House (ICH). This is because the airline did not settle their ICH account within the stipulated deadline,'” IATA’s assistant director (corporate communications) Albert Tjoeng said in a statement from Singapore.
source: The Times of India
