Kingfisher Airlines

We're yet to hear from Kingfisher: SBI chief

Pune: With barely a week left ahead of the November 30 deadline set by bankers to pump in fresh capital into the grounded Kingfisher Airlines, the lead lender State Bank of India on Saturday said it has not heard from the company so far. "Kingfisher as a company has not given us any information or visibility on capital infusion," SBI chairman Pratip Chaudhuri told reporters on the sidelines of the...  

Govt working on plan to recover Kingfisher dues

New Delhi: The Revenue Department is working on a comprehensive plan to recover tax dues from debt-ridden Kingfisher Airlines (KFA), which owes more than Rs 200 crore to the exchequer, a top Finance Ministry official said on Tuesday. "As a matter of fact both Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) have quantified the amount which Kingfisher owe to the government and we...  

Kingfisher pays May salary to low rung staff

Mumbai: The grounded Kingfisher Airlines on Friday started paying salary for the month of May to its lower level staff and some cabin crew while there was no word about salary dues of pilots and engineers. "Only cabin crew and low rung staff have received their May salary," pilots and engineers said, adding "we still have no word from the airline about our dues." Vijay Mallya-owned private carrier, which is...  

Kingfisher seeks more time to submit revival plan

New Delhi: Cash-strapped Kingfisher Airlines, which is yet to pay part dues to its employees, has sought more time to submit a comprehensive revival plan to the aviation regulator DGCA. The beleaguered carrier has written a letter to Civil Aviation Secretary KN Shrivastava seeking more time to submit its plan to get the suspension of its flying permit revoked, sources said. In the letter, the liquor baron Vijay Mallya-owned airline...  

Action plan after Nov 17 if salary not paid: KFA employees

Mumbai: Kingfisher Airline employees, who have not received their May salary despite an assurance from the airline management, are likely to chalk out an action plan next week, if they do not receive their dues by November 17. "Diwali has come and gone but we have still not received the salary for the month of May. The management, as usual, has once again backtracked on its commitment and there is...  

Diageo deal could pull Kingfisher from the brink

Mumbai/Delhi: Liquor baron Vijay Mallya's $2.1 billion deal to sell a stake in United Spirits could throw a lifeline to his grounded Kingfisher Airlines, although pulling the carrier back from the brink will not be easy. The flamboyant "King of Good Times" is keeping his plans to himself for now. However, his decision to give up control of his group's flagship company as Kingfisher heads towards the point of no...  

Kingfisher leaves employees in dark on Diwali

Mumbai: Around 3,000 employees of the near-bankrupt Kingfisher Airlines were left in the dark on Diwali after the management failed to pay their May salary, despite its commitment that their dues will be cleared by the festival. Kingfisher has so far only paid April salary post the calling off of the strike. This too was paid with a delay of a couple of days than the promised date. Kingfisher management...  

'Not aware of any deadline set by Kingfisher lenders'

New Delhi: UB Group chief Vijay Mallya on Friday said he is not aware of any deadline given by bankers on recapitalisation of his airline Kingfisher, a comment that comes three days after SBI said the carrier will not fly again if it does not get capital "by month-end". "I am not aware of any deadline given to Kingfisher by its bankers. I am sorry to say but we have...  

Kingfisher Airlines loss widens as revenue plummets

Mumbai: Concerns over the future of India's debt-ridden Kingfisher Airlines intensified on Thursday after the grounded carrier provided no concrete recovery plan even as a deadline to raise cash loomed large. Kingfisher, grounded for more than a month after a violent staff protest and concerns about safety, widened its quarterly loss from a year ago as a curtailed schedule meant sharply lower revenue. The carrier controlled by liquor tycoon Vijay...  

KFA won't fly if it doesn't get capital by Nov 30: SBI

New Delhi: State Bank of India (SBI), the lead bank to ailing Kingfisher Airlines, on Tuesday cautioned the carrier that it "will not fly" if it fails to bring in fresh capital by November 30. "Banks' consortium has done everything possible to make the company (Kingfisher) work. Only the company is not working... The management has to get capital. We have given time till November 30 that they should get...  

Kingfisher Airlines yet to file resumption plan

New Delhi: Crisis-hit Kingfisher Airlines, which had its operating permit suspended by the country's aviation regulator last month, is yet to file its resumption plan which could affect its plan to resume flights, official sources said on Monday. If the Vijay Mallya-owned airline, with its operating permit valid till December 31, fails to submit its revival plans to the Directorate General of Civil Aviation (DGCA) soon then revocation of its...  

Govt may not renew Kingfisher's licence: source

New Delhi: India will not renew Kingfisher Airlines' licence to fly if the ailing carrier fails to provide a turnaround plan by end-December, a top government official told reporters on Monday. The airline has not come up with any revival plan as of now, the official, who declined to be named, said, adding that the airlines' licence is due to expire on December 31. Kingfisher, once India's second-largest airline, has...  

KFA pays 2nd installment of salaries to its staff

Mumbai: Employees of Kingfisher Airlines have got the second installment of their salary overdues after the company committed to paying three months pending salaries to employees by Diwali. By assuring employees that the management will pay seven months salary dues by December, the airline has ended the nearly month-long crisis as striking employees have agreed to return to work with immediate effect. However, resumption of Kingfisher Airlines flight operations may...  

Mallya meets aviation secretary on Kingfisher revival

New Delhi: Kingfisher Airlines Chairman Vijay Mallya on Tuesday met Civil Aviation Secretary KN Srivastava and briefed him on the steps the company is taking to revive the operations of the passenger carrier ahead of putting forth a formal plan to the aviation regulator. "I have briefed him (Srivastava) on the revival plan. It would be a comprehensive plan," Mallya told reporters after the meeting. Kingfisher has been grounded since...  

Mallya meets Aviation Secy for KFA revival plan

New Delhi: Crisis hit Kingfisher Airlines Chairperson Vijay Mallya met Civil Aviation Secretary KN Srivastav to brief him about Kingfisher's revival plans. Mallya said the revival plan would be a comprehensive one and the cash strapped airline would cross all the hurdles. "I have briefed the secretary on revival, restart plan. It would be a comprehensive plan. All hurdles will be crossed," Mallya said. Mallya was also expected to meet...  

TWTW: Cyrus takes on Kingfisher Airlines

Also on the show: The Week That Wasn't pays tribute to actor-satirist Jaspal Bhatti. ...

Mallya rues display of wealth; takes jibe at rich politicians

New Delhi: Liquor baron Vijay Mallya on Saturday said he has learnt the hard way that wealth should not be displayed in India, and that it is better to be a multi-billionaire politician in the country. "I have learnt the hard way that in India wealth should not be displayed. (It is) Better to be a multi-billionaire politician dressed in Khadi," Mallya tweeted amid a long-continuing crisis at his UB...  

Mallya flies in for Indian GP, slams critics

New Delhi: Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline. The liquor and aviation tycoon, no longer a billionaire according to the latest Forbes list, flew in from London on his private Airbus after suggestions that he might stay away to avoid having it impounded. "Was...  

KFA crisis was blown out of proportion: Mallya

New Delhi: Kingfisher Airlines Chairman Vijay Mallya downplayed the crisis that hit the airlines saying it was blown out of proportion. "Kingfisher crisis is blown out of proportion, some companies do well, some don't," Mallya said. Mallya returned to the country after a month-long overseas visit. He was at the Buddh International Circuit Formula 1 track, where the qualifiers for the Indian Grand Prix were taking place. He said that...  

Vijay Mallya in Delhi for the F1 Indian Grand Prix

UB Group chief and Kingfisher Airlines chairman Vijay Mallya is finally back in the country after his month-long overseas visit. He landed in New Delhi a short while earlier and is now at the Formula 1 track, where the qualifiers for the Indian Grand Prix will take place. Mallya, who is an F1 promoter, has arrived a week after the DGCA suspended his cash-strapped airlne's flying licence. ...