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: The I-T department on Tuesday reportedly froze the bank accounts of Kingfisher Airlines, allegedly over part payment of dues. Sources said that the airlines had been slapped with a notice of Rs 342 crore. The airlines had to repay Rs 9 crore every week. KFA made a part payment of Rs 4.5 crore for two weeks. Since November 2011, the Service and Income Tax departments have frozen as...
05:10 PM, May 29, 2012
Bangalore: State Bank of India (SBI) on Monday said it is not lenient with Kingfisher Airlines and treats it at par with Air India and Jet Airways. "We are not lenient with Kingfisher and are treating it at par with Air India and Jet Airways," SBI Chairman Pratip Chaudhuri told reporters in Bangalore. There is no room for further debt and Kingfisher must bring in capital, he said. He added...
08:14 PM, May 28, 2012
New Delhi: Jet Airways is expected to order more than 100 narrow-body aircraft for up to $3.75 billion in 2012-13 as the largest Indian carrier grabs market share from its troubled rivals, a leading consultancy said. The airline is understood to be actively evaluating Airbus's narrow-body A320 aircraft, and is likely to lease up to 10 A330s to support expansion of its European network, the Centre for Asia Pacific Aviation...
12:48 PM, May 23, 2012
CHENNAI : Overlooking the security cut-off time of an hour for VIPs may be an unwritten rule with most private airlines, but an incident at the Thoothukudi airport on Monday showed how hazardous it can be. According to airline sources, Thoothukudi constituency DMK MP SR Jayadurai verbally abused and almost assaulted the manager of Kingfisher Airlines there, for not holding his flight until he arrived. As he was a local...
08:13 AM, May 22, 2012
New Delhi: Cash-strapped Kingfisher Airlines has paid Rs 15 crore as service tax dues in April this year but is still to pay up Rs 54 crore arrear, Central Board of Excise and Customs (CBEC) Chairman SK Goel said on Monday. "They (Kingfisher Airlines) are paying their monthly dues every month. They are also paying their arrears. Last month, they paid about Rs 15 crore...Rs 54 crore total arrears left,"...
01:57 AM, May 22, 2012
Mumbai: Despite a marginal improvement in the seat factor, national carrier Air India (AI) has lost its market share in April, helping low-cost airline SpiceJet to become the third-largest airline in the month with a market share of 17.7 per cent, according to the latest data from the sectoral regulator DGCA. The fall in the market share of AI is significant as the national carrier has seen an improvement in...
10:33 PM, May 18, 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: There seems to no end to the turbulence in national carrier Air India. The airline has sacked 24 more pilots, taking the total number of axed pilots to 70. The national carrier has also written to the aviation regulator Directorate General of Civil Aviation (DGCA) to cancel flying licences of the sacked pilots. Meanwhile, the airline has framed a contingency plan for international flights, starting Monday at 6...
09:24 PM, May 11, 2012
New Delhi: Kingfisher Airlines pilots have called off their strike over non-payment of their salaries. A group of 72 Kingfisher pilots in north India had gone on mass sick leave on Thursday protesting against non-payment of salaries for the last few months. Following the pilots' agitation 24 Kingfisher flights had to be cancelled. The pilots called off their strike after Kingfisher Airlines Chairman Vijay Mallya wrote to his employees assuring...
04:47 PM, May 11, 2012
New Delhi: The government moved to control airfares on Friday even as the pilots strike in Air India and Kingfisher led to several flights being cancelled. The government said that it won't slap the Essential Services Maintenance Act (ESMA) on the pilots for now after Civil Aviation Minister Ajit Singh met Prime Minister Manmohan Singh on Friday over the crisis. There seems to be some hope amidst the turbulence for...
03:40 PM, May 11, 2012
New Delhi: Flights continued to be hit following the strike by Air India and Kingfisher Airlines pilots on Friday. Passengers continued to bear the brunt as several flights were cancelled. The seven Kingfisher Airlines flights cancelled on Friday were: IT 2314 - Delhi " Jaipur IT 4354 " Delhi " Shimla IT 4302 " Delhi " Udaipur IT 4358 - Delhi " Kulu IT 2636 - Delhi " Chandigarh IT...
11:38 AM, May 11, 2012
New Delhi: Kingfisher Airlines, that is dealing with a strike by over 70 pilots presently, had some positive news on Friday. Chairman Vijay Mallya wrote to his employees assuring them that their long-overdue salaries would be disbursed starting Friday. Nearly 72 pilots based in north India went on a mass sick leave on Thursday protesting non-payment of salaries since December, and were even trying to convince their counterparts in Mumbai...
11:19 AM, May 11, 2012
New Delhi: Civil Aviation Minister Ajit Singh on Friday said that he hoped that the Air India pilots who have called in sick get well soon. "The pilots have reported sick. So, I hope they get well soon," Ajit Singh said. In a warning of the sorts, he also said that he hoped that Air India crisis doesn't deepen. "I hope things do not go from bad to worse and...
09:26 AM, May 11, 2012
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