Debt-strapped, Kingfisher Airlines has stretched flight cancellation till January 15, 2013, from December 15, 2012. It has been grounded since October 1, 2012 and its license was suspended on October 20 as it failed to meet the guidelines set down by the Directorate-General of Civil Aviation.
On December 5, 2012, the airline has paid its employees for May, which had been promised earlier. The airline has run up into huge losses and has not posted a profit since it took to the skies. The airline runs the risk of its operating license being cancelled by the end of this month when it is due to lapse.
