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What is Kingfisher Airlines Crisis Overview about?

Kingfisher Airlines was established in 2003 and owned by United Breweries Group. It started domestic operations in 2005 and international flights in 2008. However, the airline is now facing a major crisis with debts of $1.1 billion, losses of $66 million in the last quarter, and cash flow issues. This has led to non-payment of dues, salaries, and account freezing. The number of aircraft has dropped from 69 to 28 and flights have been halved. The airline

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tricha5605

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EN