Kingfisher Air Scraps Overseas Flights as Mallya Seeks Funds
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Kingfisher Airlines Ltd., the Indian carrier struggling with a cash shortage and losses, will end international flights next month and cut local routes as it seeks funds to revive operations.
Kingfisher will pare local flights by as much as 37 percent to between 110 and 125 a day with a 20-plane fleet, Chief Executive Officer Sanjay Aggarwal told reporters in New Delhi yesterday after submitting a new plan to India’s aviation regulator. The airline will stop services to eight overseas destinations by April 10 after bookings were hit by a suspension from an international billing facility, he said.