Mumbai: Worried over the possibility of its employees dragging the airline management to the Labour Court over non-payment of salaries, Kingfisher Airline Chairman Vijya Mallya has "assured" the staff of paying their January salaries from Wednesday onwards, airline sources said on Monday. "Mallya said in his May 5 communication to the employees that the airline will start remitting January salaries from May 9 onwards," sources told PTI quoting from the...
05:29 PM, May 07, 2012
New Delhi: The government on Wednesday said it will not come to cash-strapped Kingfisher's rescue if legal action is taken against the private airline following the aviation regulator's report on the carrier's operational capability and flight safety. The Director General of Civil Aviation (DGCA) is mulling cancellation of the airline's flying permit. The watchdog on Tuesday summoned the carrier's chairman, Vijay Mallya, for a "clear picture" on its day-to-day operations,...
05:12 PM, Mar 21, 2012
New Delhi: Civil Aviation Minister Ajit Singh on Tuesday warned cash-strapped Kingfisher Airlines that the company is liable for prosecution over unpaid taxes and the onus to save the carrier is on the airline Chairman Vijay Mallya. "The banks will decide if they want to risk loans to Kingfisher," said Ajit Singh even as Mallya and Kingfusher CEO Sanjay Aggarwal met the Directorate General of Civil Aviation (DGCA) officials to...
06:59 PM, Mar 20, 2012
Geneva: The global aviation industry could run up losses of over USD 5 billion this year if oil prices spike by more than anticipated in light of the tensions building up over Iran's nuclear programme, the industry's trade group said on Tuesday. The International Air Transport Association, or IATA, says it now expects earnings will likely decline to USD 3 billion in 2012. That's down from December's forecast of USD...
05:43 PM, Mar 20, 2012
New Delhi: In another blow to Kingfisher Airlines, the International Air Transport Association (IATA) has suspended the carrier from its billing and settlement plan. This means that none of IATA affiliated travel agents across the world will provide services to Kingfisher. The travel agents will not be able to book or sell tickets for Kingfisher Airlines. They have also been told to stop sale and refund already purchased Kingfisher tickets....
10:47 AM, Mar 09, 2012
New Delhi: It couldn't have gotten worse for the people looking to celebrate the festival of colours with their near and dear ones. Crisis-hit Kingfisher Airlines looks set to cancel more flights on Thursday and coming days. On Wednesday, oil companies pulled the plug on supply to the cash-strapped airlines due to non-payment of dues. The International Air Transport Association (IATA) too barred its agents from booking any flights, seriously...
07:06 AM, Mar 08, 2012
Mumbai: The list of woes for Kingfisher Airlines has become longer. Oil companies have stopped fuel supply to the crisis-hit airlines due to non-payment of dues. Sources said negotiations were on. Six Kingfisher flights at Mumbai airport were delayed due to no fuel supply on Wednesday. This came on a day when the International Air Transport Association (IATA) suspended Kingfisher Airlines. It means that the international bookings of the carrier...
09:18 PM, Mar 07, 2012
New Delhi: The International Air Transport Association (IATA) on Wednesday suspended the Kingfisher Airlines. It means that the international bookings of the carrier will be badly hit. However, according to sources, negotiations between the IATA and the Kingfisher Airlines are under process. Notably, the IATA had warned Kingfisher Airlines earlier as well. The Kingfisher accepted that it could not make the payments that resulted in the temporary suspension, adding that...
04:12 PM, Mar 07, 2012
Geneva: The Eurozone crisis is turning out to be the biggest threat to the profitability of global aviation industry, with airlines in Asia-Pacific expected to post losses worth $ 1.1 billion out of a total industry loss of $ 8.3 billion next year, global airlines body IATA has said. With the European sovereign debt crisis "deteriorating into a renewed banking crisis", the International Air Transport Association (IATA) said in this...
11:59 AM, Dec 08, 2011
This loss is due to the deepening crisis in global air travel. ...
05:36 PM, Jun 08, 2009
Jet Airways earns the distinction of receiving the IATA Operational Safety Audit Registration. ...
10:38 PM, Aug 24, 2006
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