Aviation News

January 23, 2013

Kingfisher Must Win Bankers’ Permission To Fly Again, Minister Says

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Written by: AFP
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India says Kingfisher must get bankers’ permission to fly (via AFP)

India’s aviation minister warned grounded airline Kingfisher Tuesday that the debt-laden carrier will need to get clearance from its bankers to fly again. The airline, which analysts estimate owes $2.5 billion to employees, banks, airports, back taxes and other items, has been grounded since October…

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