Beleaguered Kingfisher Airlines on Wednesday faced fresh trouble with its employees deciding to move court seeking a formal closure of the company if it did not spell out future plans giving a time-line for clearing their salary dues of eight months. ...
05:32 PM, Jan 09, 2013
Kingfisher Airlines said expiration of its operating licenses, set for Monday, was not a cause for concern as the grounded Indian carrier has two years to renew the license and permits required to fly. ...
12:39 AM, Jan 01, 2013
In fresh ray of hope for the Kingfisher Airlines, sources in the aviation regulator, the Directorate General of Civil Aviation (DGCA), said that the licence of the cash-strapped carrier would be renewed if its revival plan gets a go-ahead. ...
01:49 PM, Dec 31, 2012
Alleging violation of weekly rest norms for the pilots by the airline, Indian Commercial Pilots Association (ICAP) on Wednesday asked Air India CMD Rohit Nandan to take "stringent" action against those responsible for it. ...
03:45 AM, Dec 27, 2012
Financially stretched Kingfisher Airlines on Monday submitted its revival plans to the aviation regulator which had cancelled its flying licence over safety concerns. "They (Kingfisher Airlines) submitted their revival plans to the director general of civil aviation (DGCA) in a meeting held today (Monday)," a civil aviation ministry source said. ...
04:08 PM, Dec 24, 2012
New Delhi: Germany's DVB Bank SE has sued aviation regulator Directorate General of Civil Aviation (DGCA) and Kingfisher Airlines to have two planes it financed for the troubled carrier deregistered, a possible first step towards recouping its funds. The case underlines the problems that leasing firms and financing companies face in recovering grounded planes from Kingfisher, as airports, banks and tax authorities scramble for the crisis-hit carrier's assets. International Lease...
01:40 AM, Dec 22, 2012
New Delhi: Union Civil Aviation Minister on Tuesday said that aviation regulator Directorate General of Civil Aviation (DGCA) had not received any revival plan from the Kingfisher Airlines. It is vital that the cash-strapped airline satisfies the DGCA that it has enough financial strength before resuming its operations. The complete revival plan of the Kingfisher Airlines has to be submitted to the DGCA, following which the aviation regulator will take...
04:54 PM, Dec 18, 2012
Mumbai: There is more trouble for Kingfisher Airlines on the ground at the Mumbai airport. Sources have indicated to CNN-IBN that the airline has received a notice from the Mumbai Airport authorities asking the carrier to vacate the airport premises, landing slots and office area. Sources add that the notice has been served after Kingfisher failed to pay airport dues to the tune of Rs 50 crore. This comes on...
01:10 PM, Dec 11, 2012
New Delhi: Charging most Indian carriers with "unreasonably" hiking airfares, a Parliamentary panel has sought a probe against them and recommended that any increase in ticket prices should be approved by aviation regulator DGCA in the future. Noting that "most of the airlines operating in the country had been overcharging the passengers by increasing the airfares unreasonably", the panel sought an investigation into the fare hikes by all airlines and...
11:50 AM, Dec 09, 2012
Mumbai: Having failed to receive their May salary as assured by the Kingfisher management, the airline pilots have now threatened to approach DGCA if they did not meet the commitment by Friday even as the regulator maintained that the issue is out of its purview. "We have written to the airline's chief executive that if our salaries are not paid by Friday we will approach the Director General Civil Aviation...
03:18 PM, Nov 30, 2012
Mumbai: Flights in and out of Mumbai airport will be seriously affected over the next two months as the main runway has been shut for upgrading radars and other operational equipment. According to airport sources, over 120 domestic flights have been affected due to this. They further said, "By the time the work gets completed, airlines' on-time performances will go for a toss, as the main runway will remain unavailable...
05:28 PM, Nov 29, 2012
New Delhi: Prime-time flying slots, allotted to airlines to operate their flights to or from an airport, would soon be auctioned on an experimental basis to begin with, official sources said on Wednesday. The peak-hour vacant slots, which have been allotted but are not being used by airlines, would be auctioned "on an experimental basis", according to a proposal of the Civil Aviation Ministry. The airlines wanting prime-time departure and...
05:05 PM, Nov 28, 2012
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...
03:09 AM, Nov 21, 2012
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...
08:30 PM, Nov 15, 2012
Hyderabad: Aviation regulator DGCA on Thursday said that no timeframe has been set for the debt-ridden Kingfisher Airlines to submit its comprehensive revival plan. Director General of Civil Aviation Arun Mishra said the proposal will be examined in all aspects before taking decision on revoking its license. "They (Kingfisher) said they will submit the revival plan. There is no timeframe for that. Whenever they are ready they can come. We...
06:14 PM, Nov 08, 2012
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...
07:20 PM, Nov 06, 2012
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...
01:51 AM, Nov 06, 2012
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...
12:59 PM, Nov 01, 2012
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...
02:20 AM, Oct 31, 2012
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...
01:33 PM, Oct 27, 2012
