New Delhi: Trouble also continues for Vijay Mallya-promoted Kingfisher Airlines. A day after its flights were grounded by a strike, Kingfisher CEO Sanjay Agarwal met the Director General of Civil Aviation (DGCA) and promised to restart operations by Friday. Agarwal also explained the partial lockout at the DGCA office. Kingfisher has promised to restart operations by Friday. For that to happen employees who've gone without salaries for over seven months...
07:59 AM, Oct 03, 2012
New Delhi: The CEO of the cash-strapped Kingfisher Airlines, Sanjay Agarwal, said on Tuesday that flight operations are expected to begin on October 4, soon after his meeting with the Directorate General of Civil Aviation (DGCA) ended. Speaking to reporters, Agarwal said that the company will first discuss the matter with its employees and then take a decision. The CEO further said that salaries of half the 4000 employees had...
12:41 PM, Oct 02, 2012
New Delhi: Aviation Minister Ajit Singh on Tuesday reiterated that Kingfisher Airlines will not be allowed to operate flights until its engineers report back to work and they certify on the flights' safety. "Passenger safety cannot be compromised. The Directorate General of Civil Aviation (DGCA) is talking to them today. They will send a report and a decision will be taken after that," he said. The CEO of the cash-strapped...
11:46 AM, Oct 02, 2012
New Delhi: The CEO of the cash-strapped Kingfisher Airlines is expected to meet the Directorate General of Civil Aviation (DGCA) on Tuesday. The CEO was summoned by the DGCA after all of Kingfisher Airlines flights were cancelled on Monday after its pilots and engineers refused to report to work over non-payment of salaries since March this year. Kingfisher Airlines was forced to declare a temporary lockout of its operations till...
08:19 AM, Oct 02, 2012
Mumbai: Taking a cue from Union Minister Ajit Singh's statement that Kingfisher Airlines could approach other carriers for safety certification, the Vijay Mallya-promoted airline has reportedly approached Air India and others for getting its aircraft checked for certification. "Kingfisher Airlines is in talks with Air India, IndiGo and Jet Airways to get its aircraft certified by their engineers for flying," an airline source said on Monday evening. All these carriers...
02:26 AM, Oct 02, 2012
Gujarat Chief Minister Narendra Modi has said that he will apologise if his allegations against UPA chairperson Sonia Gandhi turn out to be wrong. ...
11:50 PM, Oct 01, 2012
Mumbai: Kingfisher Airlines on Monday evening declared a temporary lockout of its operations till October 4. The decision of the airlines came few hours after Civil Aviation Minister Ajit Singh warned that the company will not be allowed to fly if safety norms are flouted. The Aviation Minister categorically clarified that no Kingfisher flights would take off till the engineers certified on the safety of aircraft. Reiterating passenger safety was...
11:09 PM, Oct 01, 2012
New Delhi: Civil Aviation Minister Ajit Singh has warned Kingfisher Airlines that the company will not be allowed to fly if safety norms are flouted. The Aviation Minister categorically clarified that no Kingfisher flights would take off till the engineers certified on the safety of aircraft. Reiterating passenger safety was the foremost concern, Singh said that the Vijay Mallya-promoted Kingfisher Airlines can be shut down if safety concerns arise. Singh's...
05:45 PM, Oct 01, 2012
New Delhi: Sources in the Aviation Ministry said on Monday that the CEO of the Kingfisher Airlines had been summoned by the Director General of Civil Aviation (DGCA) after all of its flights were grounded after pilots refused to work over non-payment of salaries. The meeting will be held on Tuesday. The sources added that the Aviation Ministry will soon take a call on shutting down the airline that is...
03:10 PM, Oct 01, 2012
New Delhi: The Directorate General of Civil Aviation (DGCA) on Monday and said that no Kingfisher Airlines flight was operating at present. Kingfisher cancelled flights due to pilots and engineers not reporting to work due to non payment of salaries. The airline in a statement said that it is taking all possible measures to lessen the impact of the employee strike. The airline further said it would proactively cancel flights...
12:13 PM, Oct 01, 2012
Mumbai: Kingfisher Airlines tumbled nearly 5 per cent to Rs 15.35 after it cancelled several flights due to pilots and engineers not reporting to work due to non payment of salaries. The airline in a statement said that it is taking all possible measures to lessen the impact of the employee strike. The airline further said it would proactively cancel flights on Monday as it feared a number of its...
11:04 AM, Oct 01, 2012
Mumbai: Aviation regulator DGCA will on Monday review Kingfisher Airline's operations in the wake of mass cancellation of its flights, even as a section of the airlines Mumbai-based pilots joined in the strike by its engineers. "We will review the situation of Kingfisher Airline," Director General of Civil Aviation Arun Mishra said. Mishra also said that airline's situation will also be discussed with the Civil Aviation Ministry. The engineers of...
09:54 AM, Oct 01, 2012
Kingfisher Airlines operations in Mumbai and Delhi have been crippled as a section of airline engineers have gone on a flash strike. This over the non-payment of salaries since March. Two airline managers were reportedly heckled by protesting angry staff. Staff representatives had met with the Airline's management last week to iron out their grievances but the talks failed. Passengers as always bore the brunt of the stand-off. "They didn't ...
09:43 AM, Oct 01, 2012
New Delhi: Airlines flying to Indian airports could face an auction for peak-time landing slots in a shake-up of aviation policy under the government's economic reform drive. Authorities are also in talks with suppliers to cut taxes on aircraft fuel, a move that would help local carriers which posted losses of $2.5 billion last year as they grappled with high airport charges and below-cost fares. Debt-strapped Kingfisher Airlines, once India's...
09:59 AM, Sep 29, 2012
Mumbai: Turning down a request for Rs 200 crore working loan by Kingfisher, the SBI-led lenders consortium on Thursday asked SBI Capitals to chalk out a fresh revival plan for the cash-strapped airline in the next 2-3 weeks. Kingfisher Chairman Vijay Mallya made a presentation in a meeting with lenders at Bangalore headquarters this afternoon, the first such meeting after the government's policy decision allowing foreign airlines to invest in...
10:11 PM, Sep 27, 2012
Mumbai: Kingfisher Airlines continues to default on its service tax outstandings, amounting of over Rs 60 crore, and the government move to allow FDI policy in civil aviation sector offers the "only ray of hope" to recover the dues from the debt-ridden airline, according to a top tax official. Kingfisher has said it is in talks with foreign carriers for bringing in FDI, a move that is expected help it...
11:21 AM, Sep 27, 2012
New Delhi: The decision to bring in FDI in aviation got a rather lukewarm response. While cash strapped Kingfisher airlines welcome it and their morale is up for now, several foreign players were more circumspect. But the big question who will invest in Indian carriers with struggling finances? Sources at Kingfisher airlines tell CNN-IBN that talks with either Qatar or Etihad airlines will now resume. Kingfisher reported losses of over...
06:29 AM, Sep 15, 2012
New Delhi: India's ailing Kingfisher Airlines(KING.NS), hungry for funds, said on Friday it will now be able to re-engage with prospective investors in a "more meaningful manner," after the government allowed foreign carriers to invest in local airlines. The fortunes of Kingfisher, saddled with $1.4 billion in debt, hang on its ability to raise funds soon. It needs at least $500 million immediately to keep operating, according to the Centre...
01:57 AM, Sep 15, 2012
New Delhi: Notwithstanding resistance by allies, the Centre is likely to allow investment by foreign airlines in Indian aviation industry which could benefit troubled companies like Kingfisher, Spicejet and Go Air. Gulf-based carriers like Emirates could be the first foreign airlines to enter the Indian aviation sector. Sources say that the government could also hike FDI limit in broadcasting, insurance and pension sectors. The government might let the states take...
04:49 PM, Sep 14, 2012
New Delhi: After months of dithering, the government could finally clear Foreign Direct Investment (FDI) in aviation when the Cabinet committee on economic affairs meets on Friday. Aviation sector in India has not being doing well. Several airlines like the Vijay Mallya-owned Kingfisher Airlines are struggling but that doesn't mean that there is no demand. The carriers in the Middle East like Qatar and Emirates understand the dynamics of the...
07:29 AM, Sep 14, 2012
