Kingfisher's Troubles Deepen

India’s Director General of Civil Aviation suspended Kingfisher Airlines’ scheduled operator’s permit on October 20.  The cash-strapped carrier, which has reported debts of $1.5 billion, recently stopped flying when employees, who have not been paid for seven months, disrupted flights.  Only 13 to 15 of Kingfisher’s fleet of 66 aircraft were flying at the time of the stoppage.
This news came after a Hyderabad court, on October 12, issued a warrant for the arrest of the airline’s chairman and founder Vijay Mallya and five other executives for allegedly bouncing cheques to the city’s airport operator.  The situation remains very fluid, with the airline commenting: “It is our endeavour to re-start flights at the earliest opportunity, and we assure you we are working towards achieving this.”