The International Air Transport Association (IATA) has warned Kingfisher Airlines that its membership will be terminated if the airline fails to resume operations. Kingfisher’s IATA Operational Safety Audit (IOSA) will expire within this month and the airline has reportedly not kept the audit ongoing. Airline companies have to undertake an IOSA audit, which has a validity of two years. This audit evaluates operational and control systems of the airline and is mandatory for airlines that are IATA members that fly international routes and those airlines that are part of any alliances. Meanwhile, lenders are preparing to write off loans to

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