Kingfisher Airlines stops operations to many destinations

Kingfisher Airlines said today that it would temporarily stop operations to several destinations as part of its revised flight schedule, and most employees at these selected places have been asked to "stay at home."

Kingfisher Airlines said on Tuesday that it would temporarily stop operations to several destinations as part of its revised flight schedule, and most employees at these selected places have been asked to "stay at home."

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"We are in a 'holding' pattern right now and are waiting for various decisions from the government and our consortium of bankers on FDI (foreign direct investment) policy, working capital funding, etc," Kingfisher said in a statement.

"All of these will have a major impact on the staffing decisions we will have to make," the statement said.