Friday, 16 March 2012

International Air Transport Association (IATA) in talks with Kingfisher on revoking suspension


The International Air Transport Association (IATA) is in talks with the crisis-hit Kingfisher Airlines to revoke its suspension from the apex body for the global airline industry, its head Tony Tyler said Thursday.
Tyler said they were discussing with Kingfisher on the terms on which it can be reinstated in to the system.
The Geneva-based IATA last week suspended the beleaguered private airline from the global carrier-to-carrier account clearing system following non-payment of dues.
"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," Tyler told reporters on the sidelines of India Aviation 2012 here.
He said the suspension of Kingfisher from the clearing house was not unprecedented as the airlines failed to meet the obligations in terms of payment.
He hoped that the debt-ridden airlines would come back to normal by overcoming difficulties.
To a query, he said it was for the Indian government to decide on whether to intervene in the Kingfisher affairs.
Civil aviation minister Ajit Singh Wednesday ruled out the possibility of bailing out the airline.


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