Kingfisher’s entry into the oneworld alliance has been placed on hold until the carrier organises its financial issues.

Originally set to welcome the carrier into the alliance on 10 February this year, oneworld chief executive Bruce Ashby explained the alliance Group had worked closely with the Indian carrier to assist with its financial issues but it was “increasingly clear” the carrier needs more time.

"These are turbulent times for the airline industry in India and many other parts of the world,” Mr Ashby said.  

"We wish it well during this process and will work with Kingfisher Airlines with the aim of setting a new joining date once it is through this current period of turbulence."

Kingfisher chairman Vijay Mallya added that the postponement would allow the carrier the opportunity to shift its focus on the issues at hand but is still keen to be part of the alliance.