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19 March 2012 09:13
An airline has cancelled its overseas flights
Kingfisher Airlines has announced it will no longer operate overseas flights.
The airline has faced continuing financial troubles, axing many regional and domestic services and reportedly having its bank accounts locked by tax officials.
The situation brings a timely reminder for people to arrange
travel insurance as soon as they have booked flights to best prepare for unforeseen circumstances.
Meanwhile, Heathrow Airport reported that a Kingfisher Airbus was impounded at the London hub.
A spokesman for Kingfisher said: "We would like to confirm that we are curtailing our wide body overseas operations that are bleeding heavily.
"Positive and immediate action is being taken on all fronts to cut costs."
BA has reassured passengers due to fly with Kingfisher that it is working hard to transfer them onto other flights or issue refunds.
If you're worried about jetting off, don't leave without cost-effective travel insurance from World First - which will offer financial peace of mind so you can enjoy your holiday.
BA added: "The suspension of the codeshare agreement between British Airways and Kingfisher came into effect on March 9, 2012.
"Kingfisher Airlines are undergoing a financial restructure and are committed in joining the oneworld alliance. British Airways continues to work closely with Kingfisher and are looking forward to reinstating the codeshare and welcoming them into oneworld at the appropriate time."
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