New Delhi: Civil Aviation Minister Ajit Singh on Tuesday said that the Kingfisher Airlines has to satisfy DGCA and the government may cancel its licence if the report by the airline authority is adverse. "Kingfisher is not able to maintain the safety and security procedure due to financial problems. Kingfisher has not cleared the dues pending with the DGCA, which has given the airlines many plans to regularise their flight...
01:44 PM, Mar 20, 2012
New Delhi: Kighfisher Airlines Chairman Vijay Mallya is expected to meet the DGCA on Tuesday to try and salvage what remains of his ailing airline. Mallya will be presenting his plans on how to revive the company. There is a high chance that the airline's licence could be cancelled. The income tax department is also threatening to take the airline to court for non-payment of dues. Sources have also said...
06:39 AM, Mar 20, 2012
New Delhi: Kingfisher Airlines Chairman Vijay Mallya is expected to meet pilots in Delhi on Thursday in an effort to resolve the salary payments issue. The airline is also planning to curtail its international operations. On Wednesday, Civil Aviation Minister Ajit Singh reiterated that the government will not bail out Kingfisher. Aviation watchdog DGCA has said that Kingfisher Airlines is still flouting rules and may face action. Earlier, Kingfisher issued...
06:35 AM, Mar 15, 2012
Hyderabad: Union Civil Aviation Minister Ajit Singh on Wednesday said the government would not bail out struggling air carrier Kingfisher Airlines, and it was the responsibility of promoter Vijay Mallya to steer it out of the crisis. "The government cannot and will not bail out private companies, but that does not mean we want private airlines to close down," Singh said at a press conference in Hyderabad. He added that...
05:05 PM, Mar 14, 2012
Mumbai: Beleaguered Kingfisher airlines on Sunday refuted speculation that it planned to shutdown its operations. A spokesperson said that airline CEO Sanjay Aggarwal had met a group of the company's pilots recently to appeal to them not to stay away from flying duties which could hit the airline's operating schedules. "At no time was there any suggestion that Kingfisher airlines would shut down," the spokesperson said, denying speculation in a...
05:46 PM, Mar 04, 2012
New Delhi: Government on Friday ordered suspension of a top officer of aviation regulator DGCA and two other staffers on charges of causing a loss of Rs 190 crore to the public exchequer by granting undue concessions to 28 flying schools across the country. Civil Aviation Minister Ajit Singh, who reviewed the case relating to granting of concessions to the flying schools in 2007 that was probed by the Central...
07:35 PM, Mar 02, 2012
New Delhi: The Airports Authority of India (AAI) and the Directorate General of Civil Aviation (DGCA) approved the revised schedule of crisis-hit Kingfisher Airlines on Thursday evening. Kingfisher Airlines had submitted a copy of its revised schedule to the DGCA on February 22 and had formally announced a sharp drop in their operations. The DGCA had pulled up the airlines' CEO Sanjay Aggarwal in February for the sudden flight cancellations...
01:53 PM, Mar 02, 2012
New Delhi: Beleaguered Kingfisher Airlines cannot be closed down just because it is making losses and banks are not helping it out with funds, Civil Aviation Minister Ajit Singh said on Wednesday. "You can't close down a company because they are making losses or banks are not giving them money. As long as passenger safety is not jeopardised, as long as they keep their schedule, why should we close down...
04:55 PM, Feb 29, 2012
New Delhi: Kingfisher Airlines Chairman Vijay Mallya has blamed the media for the cash-strapped airline's crisis. In a letter to his employees Mallya said that paid media is responsible for the downfall of Kingfisher Airlines. "I'm trying my best to revive the airlines, employees must have patience," Mallya said. The letter came just hours before the Directorate General of Civil Aviation took a call on the airline's new flight schedule....
06:39 AM, Feb 27, 2012
Mumbai: Debt-laden Kingfisher Airlines Ltd has received recapitalisation offers worth 8 billion rupees from two Indian investors, the Times of India said on Saturday, citing the carrier's Chairman Vijay Mallya. The investors would get a combined 24 per cent stake in the airline if the deal succeeds, the report said citing Mallya. Desperately strapped for cash, Kingfisher stands on the brink of collapse after nearly a week of flight cancellations...
01:16 AM, Feb 26, 2012
New Delhi: Kingfisher Airlines, which is now operating much lesser number of flights than in November, would not operate direct flights to some major cities and several Tier-II cities now on, as per the truncated schedule it has submitted to the aviation regulator. Among the cities to which it would not operate direct flights include Jaipur, Thiruvananthapuram, Nagpur and even Hyderabad, sources said quoting the fresh schedule the airline submitted...
07:31 PM, Feb 25, 2012
New Delhi: There's more trouble for Kingfisher Airlines. After SBI sources came on record that they are not ready to lend anymore money to the airline company, more banks are coming out from the consortium of lenders to kingfisher. UCO bank chairman came on record and said 'no money for Kingfisher'. Bank of India has also said that it will not give any money to Kingfisher till the consortium of...
11:14 PM, Feb 23, 2012
Kingfisher Airlines may risk losing a large number of its prime flying slots as it began operating a truncated flight schedule on Thursday. ...
09:04 PM, Feb 23, 2012
New Delhi: Troubled Kingfisher Airlines may risk losing a large number of its prime flying slots as it began operating a truncated flight schedule on Thursday, with DGCA considering punitive action against it for allegedly flouting regulations. There was still no clarity on what the 13-banks consortium has decided regarding fresh fund infusion into the financially-distressed carrier. On its part, Government adopted a wait-and-watch approach. "If the banks find it...
06:13 PM, Feb 23, 2012
New Delhi: Facing severe turbulence, Kingfisher Airlines on Thursday started truncated operations in accordance with its new flight schedule, as aviation regulator DGCA examined its operational details to consider whether to take any punitive action against it for flouting norms. There was still uncertainty over moves by a consortium of 13 bankers to offer fresh loan for the beleaguered carrier, amid reports that the lead bank State Bank of India...
02:09 PM, Feb 23, 2012
Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...
11:10 PM, Feb 22, 2012
New Delhi: Kingfisher Airlines chairman Vijay Mallya has welcomed the decision by the Directorate General of Civil Aviation (DGCA) to monitor the carrier's flight safety on a daily basis. Mallya on Wednesday posted a tweet saying: "I am glad that the DGCA wants to do special daily audits on us. We welcome the opportunity to prove that our aircraft are entirely safe." This came after Kingfisher submitted a copy of...
04:36 PM, Feb 22, 2012
New Delhi: Kingfisher Airlines has submitted a copy of its revised schedule to the Directorate general of Civil Aviation (DGCA). The crisis-hit airlines has formally announced a sharp drop in their operations. The DGCA had pulled up the airlines' CEO Sanjay Aggarwal on Tuesday for the sudden flight cancellations and not coming up with a realistic plan. Only 28 of 64 Kingfisher aircraft will operate now. DGCA will monitor Kingfisher's...
01:39 PM, Feb 22, 2012
Civil Aviation Minister Ajit Singh said that passengers safety should not be compromised. ...
01:08 PM, Feb 22, 2012
New Delhi: Kingfisher Airlines resumed its Kolkata operations on Wednesday after the Directorate General of Civil Aviation (DGCA) asked them not to shut down their operations in the city on Tuesday. Four flights started from Kolkata to the northeast region. However, flight cancellations in other cities continued as 14 flights were cancelled in Mumbai and four in Delhi on Wednesday. The Kingfisher management will submit a detailed revised flight schedule...
09:52 AM, Feb 22, 2012
