I recently came across an article by noted Indian journalist T.N. Ninan, titled “Do-gooder economics and the Lokpal“. It got me thinking; by most economic logic, national carrier Air India should have been wound up ages ago. The carrier has annual losses crossing $1.4 billion (Rs.7,000 Crore) and accumulated debt now approaching $10 billion. Now, the government wants to inject …Read More »
Daily Archives: February 8, 2012
Podcast: Why was Kingfisher’s entry into oneworld delayed, and what next for the airline?
In this podcast Addison, Vinay and I discuss the events that caused oneworld to suspend Kingfisher Airline’s entry in to the alliance. As an update, the higher amount of deposit demanded by the IATA Clearing House (ICH) is $8 million i.e. a total of $11.5 million. Kingfisher is still paying in this money to ICH, but we understand that as …Read More »