MUMBAI (Reuters) - Cash-strapped Kingfisher Airlines said it has been forced to reduce operations due to "unexpected events" but promised to resume normal services within the next four days.
The company, controlled by liquor baron Vijay Mallya, has cancelled 32 flights out of the 240 it operates each day, hit by problems including bird strikes which forced aircrafts out of service, it said in a statement late on Saturday.
India's airline companies, on course to lose $3 billion for the year ending in March, have struggled with low fares, high jet fuel prices and massive competition. Five out of six major carriers in India are loss-making.
Kingfisher, which on Thursday reported a loss of 4.44 billion rupees in the fiscal third quarter that ended in December, said its bank accounts were attached by the tax authorities as it scrambles for cash infusion.
"However, this has happened in the past not just to us but also to Air India
