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Statement from KFA - 12th March 2012

The flight loads have reduced because of our limited distribution ability caused by IATA suspension. We are therefore combining some of our flights. Also, some of the flights are being cancelled as a result of employee agitation on account of delayed salaries. This situation has arisen as a consequence of our bank accounts having been frozen by the tax authorities. We are making all possible efforts to remedy this temporary situation.

We will operate approximately 80% of our planned schedule. We expect to return to our full schedule shortly. Those guests whose flights are affected are being notified. They are either being accommodated on other airlines or offered a full refund.

Prakash Mirpuri
Vice President - Corporate Communications
Kingfisher Airlines Limited

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