Report: Indian gov't suspends Kingfisher Airlines' license
{{#rendered}} {{/rendered}}
A news report says the Indian government has suspended the license of Kingfisher Airlines which has been struggling to resume flights following a strike by pilots and engineers who have not been paid for months.
The Press Trust of India news agency says the license was suspended Saturday by the director-general of civil aviation. The officials were not immediately available for comments.
Kingfisher, once one of India's best airlines, is battling for a lifeline with India's airline regulator. The company, which is drowning in debt, It hasn't operated any flights since early this month.
{{#rendered}} {{/rendered}}
The Center for Asia Pacific Aviation, an airline industry research group, puts Kingfisher's outstanding debt at $2.5 billion, including about $1.1 billion in bank debt.