Kingfisher suspended from IATA Clearing House again

This story is sourced from Pro
See more Pro news »

Troubled Indian carrier Kingfisher Airlines has been suspended from IATA's Clearing House payment system for the second time in a month.

IATA suspended the carrier from its Clearing House system in February over late settlement of its account, before subsequently reinstating Kingfisher.

It has today again suspended Kingfisher's particpation in the Clearing House system. "This is because the airline did not settle their ICH account within the stipulated deadline," IATA says, adding the airline's participation will be reinstated after it fulfills the Clearing House requirements.

The struggling carrier's financial woes continue to mount after the country's tax department froze the airline's bank accounts for the fourth time last month.

Kingfisher Airlines has recently returned an Airbus A320 to its lessor, Aviation Capital Group. The 2006-vintage aircraft, VT-DKU, is currently parked at Shannon in Ireland.