KINGFISHER AIRLINES FLIGHTS GROUNDED DUE TO CONTINUING FUEL PROBLEMS

Dino D'Amore
By Dino D'Amore July 19, 2011 13:34

KINGFISHER AIRLINES FLIGHTS GROUNDED DUE TO CONTINUING FUEL PROBLEMS

Shares in Kingfisher Airlines were down 1.6% to Rs 39 as the airline continues to struggle to pay its fuel bills. Hindustan Petroleum Corporation refused to refuel Kingfisher planes on Monday due to non-payment of dues – the airline owes the company Rs 650 crore. The lack of fuel force the airline to ground at least a dozen flights but a Kingfisher spokesperson confirmed that all domestic flights were flying on schedule today.

Dino D'Amore
By Dino D'Amore July 19, 2011 13:34
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