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Kingfisher's oneworld plans grounded

Kingfisher's membership to join oneworld, a global airline alliance, has been put on hold, impairing its revival efforts. Two months ago, the airline had announced its admission into the club. Kingfisher was to join the alliance on February 10. With a severe cash crunch, the airline has been unable to service debt. Several of its lenders have treated the airline's account as non-performing asset. Several of Kingfisher planes are grounded for want of spares. Two days ago, the International Air Transport Association's Geneva-based clearing house suspended the airline. The clearing house ...