Kingfisher Airlines is sinking fast. Consider:

  • ATR turbo-prop orders have been canceled, all 38 of them;
  • IATA has booted the airline out of its various services for non-payment and sinking financial condition;
  • Staff isn’t being paid and as a result, pilots aren’t showing up and flights are being canceled;
  • The Indian government has frozen accounts for non-payment of taxes; and
  • Aircraft are being repossessed by lessors.

As our affiliate Leeham Co wrote a while back, ATR is one of the big losers. Eventually Airbus will take a hit as well.

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