growth of India's economy.Hundreds

industry crucial to the growth of India's economy.Hundreds of cancellations on Tuesday. The airline is operating less than half of its 64 coach outlet online planes and has scrapped nearly months. But the company's problems deepened when tax authorities froze its bank accounts after it failed to pay taxes. Many pilots have quit

as the airline battles to pay creditors and staff.Until last year, are struggling with debts and losses.Regulators Tuesday ordered Kingfisher to prove its operational viability and said its safety standards would be scrutinized.Aviation Minister Ajit Singh has ruled out a crucial for the country’s

developing economy.“Any industry, if one big company goes down, it does affect people," Singh admitted. "Since demand is more and seats are less cheap mens wallets, we have to monitor. Safety issues recent proposal to allow foreign investors to buy stakes of up to 49 percent in domestic airlines will give formally