Kingfisher loses international flying rights

[mhm]

India's Ministry of Civil Aviation has decided to withdraw international flying rights and domestic slots from Kingfisher Airlines, in a fresh blow to the debt-laden firm.

The carrier has been grounded since October after repeated strikes by workers over unpaid wages.

It has $1.4bn (£870m) in debts and, earlier this month, its creditors said they would start recalling their loans.

Kingfisher's licence to fly expired at the end of 2012.
http://www.bbc.co.uk/news/business-21578388