Breaking: Kingfisher gets suspended from IATA again [updated]

Kingfisher Airlines does it again. Its almost like they are all listening to Britney Spears’ Oops I did it again. Ok, bad one!

IATA has, for the second time in two months, suspended Kingfisher Airlines from their membership. This means all IATA affiliated travel agents cannot sell Kingfisher Airline tickets anymore. The airline promised to issue a statement shortly. Here is the Reuters report which talks about this.

The last time around, Kingfisher Airlines took a long while to get reinstated into IATA. They blamed their problems on financial systems not working properly hence payments not reaching the IATA. Some member airlines had stopped honor tickets issued on  Kingfisher Airlines stock. So, if you are booked by KFA on any other carrier, check with the airline before you fly!

This one is going to get messy! I’ll update you on what happens next! In all probability, Kingfisher Airlines will make another silly excuse for why they had all the money lying in the bank accounts but how they could not pay.

____, ____, Pants on Fire, anyone?


Update: Kingfisher Airlines came up with a statement with nothing new to say. Tax Authorities have attached their accounts and hence they have been unable to pay their dues to the clearing house of IATA. So, essentially, they can either steal from the government or from everyone else, but not from everyone at the same time, right? Here is the official line.


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About Ajay Awtaney

Ajay is a financial services pro, working to bring order to the chaos of the financial industry on an everyday basis! Beyond that, he dons the hat of India's favourite frequent traveller, trying to help people elevate their travel experience via tips and tricks they never knew before, or introduce them to the world of miles and points. Armed with an MBA from MDI Gurgaon and graduate degree in computer science from the University of Delhi, Ajay brings a systematic and objective approach on the table for his audience in dissecting travel and loyalty programs in India and around the world, and how to benefit from them. Ajay has been quoted in various reputed traditional and online media including The Hindustan Times, Inside Flyer, Bloomberg, DNA India, Conde Nast Traveller, The Telegraph, Mumbai Mirror, Mint, MoneyLife and The USA Today.

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