DreamFolks suspends domestic airport lounge services amid contract losses

DreamFolks Services Ltd has suspended its domestic airport lounge services, a move it described as “material” in a stock exchange filing.

“DreamFolks Services Limited has discontinued its domestic lounge access services with effect from today. The discontinuation…is material in nature,” the company told the stock exchanges.

Other domestic offerings and its international lounge access business remain operational. DreamFolks said it is in active discussions with clients to provide alternative value propositions, while assuring that its current contracts with banks and card partners continue to remain in force.