Working with Kingfisher Airlines to revoke suspension, says Tony Tyler, IATA chief

Hyderabad: Apex body of global airline industry IATA is in talks with Kingfisher Airlines on the terms to reinstate the debt-ridden company into its clearing house.
The International Air Transport Association also hoped that the beleaguered airline will come back to its normal state by overcoming the current difficulties.
"The difficulties of Kingfisher are well known...We had to suspend Kingfisher from the travel agency clearing house. It is necessary to protect the whole system. It is the system we operate on behalf of hundreds of airlines. We are now discussing with Kingfisher the terms on which we can reinstate them," IATA Director General Tony Tyler said on the sidelines of India Aviation 2012.
IATA had to suspend Kingfisher Airlines after it failed to provide IATA with a cash deposit, required to continue its participation in the Billing and Settlement Plans (BSP) and the Cargo Accounts Settlement System (CASS).
15/03/12 PTI/Economic Times

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Categories: Foreign Mar 2012, Kingfisher Mar 2012