1Time of South Africa seems to have not weathered the current financial storm, and as of 2nd November, the airline has been grounded - and it to be liquidated. On the remains of 1times web site 1time Airline has applied for business liquidation (02.11.2012) and that all of its operations have been grounded with immediate effect. The business rescue practitioner … [Read more...]
Kingfisher Airlines licence suspended
In what should be no surprise to... well... anyone, Kingfisher Airlines has had its licence to operate suspended by the Indian Regulator - The Directorate General of Civil Aviation. DGCA has suspended the licence due to Kingfisher not producing a viable plan for its financial and operational revival- and to resolve the issues with over payment of employees. All bookings … [Read more...]