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Kingfisher Airlines suspended by IATA for non-payment of dues

7 March 2012

Beleaguered 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

Air India to go low cost, cut business class seats

27 November 2011

While embattled private carrier, and rival, Kingfisher Airlines has decided to dump low cost services in a bid to increase revenue yields, financially beleaguered state-owned carrier, Air India, has opted for the reverse route and is considering adding more economy seats on its domestic flights to increase yields.

Air India management has constituted a committee to look at ways to increase per flight yields in accordance with occupancy ratios, and one of the options under consideration is cabin restructuring by adding more economy seats.