Air India Financial Troubles
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Kingfisher Airlines' issues statement after being suspended
In a statement issued by the company in response to the International Air Transport Association (IATA) decision to suspend the airlines from its clearing house due to non-payment of dues, the airlines said that they were working with the tax authorities and that they expected the accounts to be un-attached soon.
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Air India pilots' letter
Protesting delayed payment of salaries and allowances, a section of Air India pilots on Wednesday warned they would not undertake flying duties from April 1 if their dues were not cleared by then.
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Government working on policy package for troubled airlines
With Air India and Kingfisher going through their worst crises, the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources said today.
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Kingfisher Airlines' issues statement after being suspended
In a statement issued by the company in response to the International Air Transport Association (IATA) decision to suspend the airlines from its clearing house due to non-payment of dues, the airlines said that they were working with the tax authorities and that they expected the accounts to be un-attached soon.
-
Air India pilots' letter
Protesting delayed payment of salaries and allowances, a section of Air India pilots on Wednesday warned they would not undertake flying duties from April 1 if their dues were not cleared by then.
-
Government working on policy package for troubled airlines
With Air India and Kingfisher going through their worst crises, the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources said today.
