With no sign of the financial trouble ending for the beleaguered, Kingfisher airlines, the carrier group has decided to ground more than 15 aircrafts from amongst its fleet of 60 Aircrafts. There have also been huge attrition of the pilots and till now more than 100 pilots have left Kingfisher airlines services. On Financial front the lenders have refused bailing the airlines out, till they clear all current dues. There have been frantic efforts on the part of Kingfisher to arrange the working capital to run day to day airlines operations such as Airport levies and even employee salaries.
In the midst of all these the airlines has announced that it will join the Oneworld alliance in February 10, so that there are some collateral benefits on its frequent flyer program due to alliances with other airlines. There are more troubles in the offing for Kingfisher though. According to statement made in the Indian parliament, by the state minister of Finance there have also been issues of Tax Irregularities on part of the airlines wherein it has not submitted the amount, it deducts from the employee's TDS, to the tax authorities. The airline has already shut its Budget operations on various routes.
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| Kingfisher Airlines |
In the midst of all these the airlines has announced that it will join the Oneworld alliance in February 10, so that there are some collateral benefits on its frequent flyer program due to alliances with other airlines. There are more troubles in the offing for Kingfisher though. According to statement made in the Indian parliament, by the state minister of Finance there have also been issues of Tax Irregularities on part of the airlines wherein it has not submitted the amount, it deducts from the employee's TDS, to the tax authorities. The airline has already shut its Budget operations on various routes.
