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Fresh setback for Kingfisher
IATA suspends airline for not clearing dues

New Delhi, March 7
Kingfisher Airlines, which is struggling to stay afloat, today suffered yet another blow with global airlines body IATA suspending it for not clearing its dues.

The ailing carrier said payments would be made as soon as tax authorities de-froze its bank accounts.

This was the second time in just over a month that the airline was suspended on the same count from the IATA Clearing House (ICH) through which airlines and related firms settle accounts for services provided by them to other such companies.

A large number of bank accounts of the beleaguered airline have been frozen by the income tax, service tax and excise and customs departments for its failure to clear dues.

"The IATA has suspended Kingfisher Airlines' participation in the IATA Clearing House (ICH). This is because the airline did not settle their ICH account within the stipulated deadline," IATA's Assistant Director (Corporate Communications) Albert Tjoeng said in a statement from Singapore. PTI

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