IATA Suspends Kingfisher From Clearing House

Delhi: The International Air Transport Association (IATA) suspended India’s Kingfisher Airlines from its clearing house effective Wednesday due to non-payment of fees, dealing a fresh blow to the ailing carrier as it seeks funds to stay aloft.
The industry group’s clearing house, ICH, settles accounts between the world’s airlines, airline-associated companies and travel agencies.
“Kingfisher’s participation in the ICH will be reinstated after the airline fulfills the ICH requirements,” IATA spokesman Albert Tjoeng said in an email. Kingfisher can still partner with other airlines by settling with them directly, he said.
About 240 airlines, representing about 84 percent of global scheduled airline traffic, belong to the IATA, whose role includes helping airlines partner with each other.
07/03/12 Reuters/Aviation Week

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Categories: Kingfisher Mar 2012