The financial performance of top global aerospace and defense companies is expected to stay flat in 2012, a British consultancy firm says. Despite the challenging environment, the aerospace and defense industry is likely to continue to develop game-changing technology innovations, according to the report, “Global Aerospace and Defense Outlook: A Tale of Two Industries,” by Deloitte Touche Tohmatsu Limited’s (DTTL) Global Manufacturing Industry Group.

The International Air Transport Association (IATA) yesterday suspended cash-strapped Kingfisher Airlines from its Clearing House for non-payment of taxes. “IATA has suspended Kingfisher Airlines’ participation in the IATA Clearing House (ICH). This is because the airline did not settle their ICH account within the stipulated deadline,” IATA spokesman Albert Tjoeng says. The India-based airline “will be reinstated after it fulfills the ICH requirements,” Tjoeng adds.

The International Air Transport Association (IATA) yesterday suspended cash-strapped Kingfisher Airlines from its Clearing House for non-payment of taxes. “IATA has suspended Kingfisher Airlines’ participation in the IATA Clearing House (ICH). This is because the airline did not settle their ICH account within the stipulated deadline,” IATA spokesman Albert Tjoeng says. The India-based airline “will be reinstated after it fulfills the ICH requirements,” Tjoeng adds.