Kingfisher Airlines Ltd.

http://www.flykingfisher.com/

Kingfisher Airlines Limited was an airline group based in India. Its head office is in Andheri (East), Mumbai and Registered Office in UB City, Bangalore. Kingfisher Airlines, through its parent company United Breweries Group, has a 50% stake in low-cost carrier Kingfisher Red.
The airline had been facing financial issues for many years. Until December 2011, Kingfisher Airlines had the second largest share in India's domestic air travel market. However due to a severe financial crisis faced by the airline at the beginning of 2012, it has the lowest market share since April 2012.
The airline had shut down its operations when on 20 October 2012 the DGCA suspended its flying license. The suspension had been due to failure to give an effective response to the show-cause notice issued by DGCA. However, the airline had locked out its employees for several days before this suspension. On 25 October 2012, the employees agreed to return to work. In February 2013 the Indian government announced the withdrawal of both domestic and international flight entitlements allocated to the airline.The CEO has quit on 17 Feb 2014