IATA in talks with Kingfisher on revoking suspension
The International Air Transport Association 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 today.india Updated: Mar 15, 2012 18:44 IST
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 on 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 in Hyderabad.
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 government to decide on whether to intervene in the Kingfisher affairs.
Civil aviation minister Ajit Singh on Wednesday ruled out the possibility of bailing out the airline.
First Published: Mar 15, 2012 18:41 IST