Kingfisher Airlines (KFA), which is barely managing to operate hundred flights a day, is scaling down its international operations in a desperate bid to cut down costs and losses.
“We are curtailing our overseas operations that are bleeding heavily,” the airline said on Wednesday. KFA, which flies to eight countries, however, did not say which routes would be affected. It has also started returning planes to lessors.
On Tuesday, KFA managed to operate only 98 flights out of its truncated schedule of 200 daily flights. “The situation cannot go on like this,” Director General of Civil Aviation EK Bharat Bhushan said, adding that the airline had failed to stick to its recovery plan submitted to the regulator last month.
On Wednesday, former tennis star Vijay Amritraj resigned from the airline’s board, becoming the fifth director to leave the company since April 2011.
KFA chief Vijay Mallya, meanwhile, has agreed to meet his pilots on March 15 and discuss the issue of delayed payments.