Government de-freezes bank accounts of Kingfisher and Air India
14 Dec, 2011, 1602 hrs IST , PTI The government has de-freezed the bank accounts of debt-ridden Kingfisher Airlines and Air India after the two air carriers made part-payment of their service tax dues.
The Indian airline Kingfisher, currently hit by a deep crisis due to its financial situation with banks and employees will suspend all international flights, also reducing domestic operations in its latest attempt to stay afloat.