Exclusive! Ring a Ring a Roses…….
Neelam Mathews March 27, 2012 For those from the generation that have heard the song “There’s a hole in the bucket dear Liza……,” might find a comparison to Kingfisher’s latest press release on its summer schedule “holding plan” that promises “schedule integrity”. Words like FDI, recapitalization, connectivity, reliability, as far as this carrier is concerned, are starting to sound unreliable and repetitive, if I may say so. and they are not leading anywhere. For those upbeat that the carrier has paid its IT TDS dues of Rs 44 crores –please note, as Aerospace Diary learns, was a result of IATA returning the security deposit it so unceremoniously clamped down on it. This ofcourse saved a lot of inconvenience to top management who could be caught in a situation without bail. Now with no international operations left, suspect it wouldn’t make much sense for IATA to be associated with this airline. The issue now, is starting April 7, with nine crores to be paid every week, the m...