India’s debt-crippled Kingfisher Airlines canceled more flights last week as efforts to find a solution to its financial woes hit a roadblock. Despite approval from the country’s central bank, the airline’s consortium of 16 lenders, which includes the State Bank of India (SBI), has not agreed to extend further loans to the beleaguered airline. India’s Civil Aviation Ministry has categorically refused a government bailout like the one extended to state-run Air India.

The “King of Good Times” is moving from bad to worse. India's cash-strapped privately-owned Kingfisher Airlines is caught in severe financial turbulence and is gasping for additional bank funding or a government bailout to stay afloat.

NEW DELHI — The advanced Mi-17 V5 helicopter was inducted into the Indian air force (IAF) on Feb. 17. “The multi-purpose Mi-17 V5 helicopters will add to the flexibility and operational muscle, as well as capabilities of the Indian air force,” Defense Minister A.K. Antony says. “It will help the IAF in meeting its growing mandate.” Antony formally handed over the keys of the choppers to the 155 Helicopter Unit, commanded by Wing Commander A.K. Verma, that will operate them from Bhatinda.