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Kingfisher blamed its failure to pay on a decision by Indian income tax authorities to freeze its bank accounts
Manan Vatsyayana
Kingfisher Airlines aircraft parked at the Indira Gandhi International Airport in New Delhi, in a picture taken in February 2012. India's cash-strapped Kingfisher Airlines suffered a new blow Wednesday in its bid to keep flying as it was suspended from a global payments system by the International Air Transport Association (IATA).