Mumbai: Close on the heels of its pilots going on strike demanding salaries, a section of Kingfisher Airlines engineers did not report for work on Monday protesting non-payment of March salaries, forcing the airline to use the services of managers to certify the aircraft for operations. There was, however, no impact on the operations as no flight was cancelled or delayed because of the fresh labour unrest at the ailing...
10:14 PM, Sep 03, 2012
New Delhi: Kingfisher Airlines Chairman Vijay Mallya has said the carrier is working on a "holding pattern" basis with limited operation, pending policy changes. "Due to the current situation, your company is operating as a "holding pattern" with limited operation, pending policy changes which are in the offing," Mallya said on behalf of Kingfisher's board in the company's Report of the Directors for the year 2011-12. The report of the...
09:48 PM, Sep 03, 2012
On Living it Up's 'Fat ya Fit' Chef Saby Gorai shares his idea of a healthy fulfilling breakfast. ...
05:34 PM, Aug 16, 2012
New Delhi: Kingfisher Airlines on Saturday reported widening of net loss for the quarter ended June 30, to Rs 650.8 crore due to costs associated with non-operating aircraft. The airline had posted a net loss of Rs 263.5 crore in same period last year. The income from operations of the airline tanked to Rs 301.4 crore from Rs 1,907 crore a year ago, down 83.72 per cent, the company said...
01:49 PM, Aug 11, 2012
New Delhi: Twenty two Kingfisher Airlines flights have been cancelled from Delhi on Wednesday after a section of pilots and engineers failed to report to work. Sources said that the pilots are protesting against non-payment of salaries for over five months. Kingfisher Airlines owner and liqour baron Vijay Mallya is in the capital and is likely to address the issue on Wednesday. The airline's operations have been disrupted time and...
11:44 AM, Aug 08, 2012
Mumbai: Airport Authority of India (AAI) has refused to allow the lessors to take back about half a dozen aircraft rented out to Kingfisher Airline, sources said. The lessors want the aircraft back as Kingfisher Airlines (KFA) has defaulted on rentals. "AAI has said no...to Kingfisher lessors to allow them to take back six aircraft parked at Chennai airport," sources said. One of the lessors has sent a legal notice...
02:23 PM, Aug 05, 2012
Mumbai: If liquor baron Vijay Mallya's Kingfisher Airlines fails, lenders owed $1.4 billion may end up with a small stake in his spirits business, a modest office building, the carrier's brand, and not a lot else. A $16 million beachfront villa in Goa, where Mallya throws parties and shoots his Kingfisher swimsuit calendar, is owned by his UB Holdings Ltd and pledged as collateral to State Bank of India, Kingfisher's...
12:36 PM, Jul 30, 2012
Mumbai: Three Kingfisher flights from Mumbai were cancelled on Saturday morning after a section of its pilots did not report for work. The flights that were cancelled were IT4141 to Kandla, IT 181 to Chennai and IT 101 to Bangalore. The Kingfisher management and its pilots have been at loggerheads over the delayed disbursement of salaries. The disgruntled pilots on Saturday claimed that their salaries had not been disbursed into...
08:14 AM, Jul 14, 2012
New Delhi/Mumbai: A section of pilots of Kingfisher Airlines on Tuesday went on a strike over non-payment of salary and other dues for the past five months, forcing cancellation of five flights. Airline officials said the pilots who did not report to work were those who operate the 70-seater ATR turboprop aircraft on short-haul routes connecting regional airports. In Delhi, two flights each to Dharamsala and Dehradun and one flight...
01:42 PM, Jul 10, 2012
New Delhi: In what may be slightly encouraging news, junior employees of the cash-strapped Kingfisher Airline were paid part of their February salaries on Friday. Reports said that the company was raising funds from within the UB Group. UB Group spokesperson, however, did not respond to queries. Most employees are now said to be back at work. Meanwhile, sources said that the March salaries would be cleared in the next...
01:35 PM, Jul 06, 2012
New Delhi: The Kingfisher Airline on Thursday issued a statement seeking to refute reports that banks led by the SBI had initiated debt recovery proceedings against it. The statement issued by the cash-strapped airline said, "Following misleading and factually incorrect reports appearing in a section of the press, Kingfisher Airlines Ltd would like to clarify that it is patently wrong and false to claim or state that banks have started...
03:08 PM, Jul 05, 2012
New Delhi: In a major blow to the cash-strapped Kingfisher Airlines, banks on Thursday reportedly decided to launch their debt recovery process against the ailing company. Sources said that the bankers had decided to sell off Kingfisher's non-core assets that include Kingfisher House in Mumbai and a villa belonging to the airline's chief, Vijay Mallya, in Goa. Sources said that the decision was taken after a group of banks, led...
01:53 PM, Jul 05, 2012
Mumbai: Four Kingfisher Airlines flights from Mumbai were cancelled on Monday with the management blaming it on maintenance issues. The flights - IT 181, 105, 111 and 331 - were headed to Chennai, Bangalore and Jabalpur. Initial reports had suggested that some of the airline's pilots had refused to turn up for work citing delayed salary payments. However, the airline issued a statement later on blaming maintenance issues for the...
11:41 AM, Jul 02, 2012
Mumbai: In more bad news for the ailing Kingfisher Airlines, four of its flights from Mumbai were cancelled on Monday after some pilots refused to report for work citing delayed salary payments. The airline has, however, refuted the reports saying the flights were cancelled due to maintenance issues and issued a statement to the effect. The flights that stand cancelled are IT 181 (to Chennai), IT 105, IT 111 (both...
10:04 AM, Jul 02, 2012
Mumbai: Troubled carrier Kingfisher Airlines' loss widened to Rs 1,151.53 crore in the fourth quarter of 2011-12 due to steep hike in fuel prices and sharp depreciation of the rupee. It had net loss of Rs 355.55 crore in the January-March quarter of 2010-11, Kingfisher said in a filing to the BSE. It has been facing financial troubles for almost a year now. The airline, which never made a profit...
11:59 AM, May 31, 2012
New Delhi: Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha on Friday. Kingfisher Airlines was found to have deducted tax at source (TDS) on salary payments but had not deposited it in Government account, Minister of State for Finance SS Palanimanickam said in a written reply. "Survey... was conducted at...
02:23 PM, May 18, 2012
New Delhi: It will be an all-South Indian fare comprising of Rawa Upma with cashew nuts and fresh coriander, Medu Wadai and Podi with ghee which has been planned for on Tuesday's breakfast for US Secretary of State Hillary Clinton with External Affairs Minister SM Krishna. Apart from this, there will be Kesari Bhaat, Oothappam - Masala/Plain, Masala/Plain Dosai, steamed idlis and drumstick sambhar. Coconut and tomato chutneys will also...
01:43 AM, May 08, 2012
Mumbai: A large section of Kingfisher Airlines employees, including pilots and engineers, received their salaries after a delay of nearly four months, airline sources said on Monday. "In fact, we paid the salaries of all employees on Apr 4 itself. However, due to some back-end problem in one of the banks, a section of employees could not get it then," they said. Chairman of the crisis-hit airline Vijay Mallya had...
06:22 PM, Apr 09, 2012
New Delhi: Saturday is the last day for Kingfisher Chairman Vijay Mallya to pay up at least Rs 9 crores out of the remaining Rs 60 crore service tax dues. Failure to make the payment on time might lead to their accounts being frozen again. Income Tax authorities defroze the troubled airlines' accounts in February after Mallya paid up dues worth Rs 20 crores. A section of employees of the...
07:27 AM, Apr 07, 2012
BANGALORE: The fight for leadership in the state BJP is turning out to be a never-ending saga. With just a day left for the ongoing Budget Session to conclude, the factions in the ruling BJP have suddenly become hyperactive to outsmart each other in the power game.While former chief minister B S Yeddyurappa has hosted a breakfast for all the 221 BJP members on Friday with a hope to win...
09:08 AM, Mar 30, 2012
