Kingfisher Airlines cancels 30 flights due to frozen bank accounts

Kingfisher Airlines cancels 30 flights due to frozen bank accounts

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Asia Bizz: India’s Kingfisher Airlines had to cancel 30 flights on February 20, 2012, most of them out of Mumbai. However the airlines assured that the airlines offered a full refund for the passengers despite the fact that it had to continue with day 2 of abrupt ticket cancellations.

About 50 percent of the flights were cancelled after a weekend and the excuses of the aircraft hit by the bird could no more be made. The airline released the statement which said that the prime reason behind the current disruption was the sudden attachment of their bank accounts by the IT department.

The statement added that they are currently in talks with the IT authorities to agree on a payment plan to get the bank accounts unfrozen at the earliest. The chief executive officer of the airline, Sanjay Aggarwal, has been asked to meet the regulator of the aviation, the DGCA on February 21, 2012.

During the third quarter of last year, the airlines had declared losses of 444 crores, that was up from 254 crores a year back. The current debt for the Kingfisher Airlines is close to 1.3 billion dollars. The airlines is also trying hard with the government to allow foreign airlines to buy in to Indian carriers.