Airbus canceled Kingfisher Airlines Ltd.’s order for superjumbos, reducing chances for resumption of services by the grounded Indian carrier.
The orders for five A380s and another five A350-800 planes were scrapped by Airbus, John Leahy, chief operating officer of the Toulouse, France-based planemaker, said yesterday in an interview. Prakash Mirpuri, a spokesman at the carrier, said Kingfisher is trying to restart operations and the orders were canceled as it has no plans for long-haul services.
The cancellations add to the woes of Kingfisher chairman Vijay Mallya after an Indian court last month voided Diageo Plc’s acquisition of a stake in the liquor tycoon’s United Spirits Ltd. Kingfisher, which lost its airline license last year, said it doesn’t have any source of revenue and is in talks with an investor for funds.
REad News In Full 14/01/14 Anurag Kotoky and Andrea Rothman/Bloomberg
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