The Union Civil and Aviation Ministry, on Monday, stripped the
beleaguered Kingfisher Airlines of international and domestic flying
slots.
These international traffic rights will be made available to other carriers, making an extra 25,000 seats available per week, "some of which are much in demand by these carriers"
The Ministry of Civil Aviation has also withdrawn the domestic slots at Indian airports allocated to Kingfisher and will make these available to other domestic carriers
The move comes close on heels of a decision taken by the consortium of
bankers to start recalling their loans amounting to Rs.7,500 crore. “The
government has decided to withdraw all international bilateral traffic
rights allocated to Kingfisher Airlines with immediate effect,’’ the
statement added.
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