Monday, February 25, 2013

Kingfisher loses flying slots


New Delhi: The Union Civil and Aviation Ministry, on Monday, stripped the beleaguered Kingfisher Airlines of international and domestic flying slots.
The move is likely to make available 25,000 additional seats for passengers.
The Civil Aviation Minister, Ajit Singh, has directed the Airports Authority of India (AAI) to take action to allot the domestic slots of Kingfisher Airlines to other domestic airlines. Similarly, various international routes will now be offered to the rival airlines, an official statement here said.
The move comes close on heels of a decision taken by the consortium of bankers to start recalling their loans amounting to Rs.7,500 crore. “The government has decided to withdraw all international bilateral traffic rights allocated to Kingfisher Airlines with immediate effect,’’ the statement added.
Under the said rights, Kingfisher Airlines was allowed to fly the sky of eight countries, namely, Bangladesh (14 services a week), Hong Kong (14 services a week), Nepal (7 services a week), Singapore (7 services a week), Sri Lanka (14 services a week plus 21 services a week from unlimited 18 destinations), Thailand (21 services a week), UAE Dubai (21 services a week) and Great Britain (7 services a week each from Mumbai, Delhi and Bangalore).
25/02/13 Sujay Mehdudia/The Hindu
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