Dubai/Mumbai: Two major Gulf Arab carriers said they have no interest in taking a stake in struggling Indian carrier Kingfisher Airlines, which is grappling with a pile of debt and on the hunt for fresh equity. Abu Dhabi's state-owned Etihad Airways and Qatar Airways said on Thursday they were not inclined to invest in Kingfisher. Sources in India familiar with the matter told Reuters that Kingfisher was in early talks...
10:59 PM, Feb 09, 2012
Ayesha Takia took to Twitter with a series of rants against Kingfisher Airlines after her sister was allegedly mistreated by the airline staff. ...
06:06 PM, Feb 08, 2012
Mumbai: Late Monday evening, when Ayesha Takia tweeted against Kingfisher Airlines, it was a case of an individual standing up for her sister, Natasha Takia. Seems Natasha had a tough time on her way back from Nepal to Mumbai via Delhi. However, when Siddharth Mallya reacted, albeit personally and sarcastically, the actress couldn't be accused of blowing her fuse. Needless to say, their respective tweets on the social medium saw...
06:34 PM, Feb 07, 2012
Mumbai: Scrips of three listed domestic carriers, Jet Airways, Kingfisher Airlines and SpiceJet rallied after the government on Tuesday allowed airlines to import jet fuel directly. The decision on direct jet fuel imports was taken by an empowered group of ministers (EGoM) headed by Finance Minister Pranab Mukherjee. Analysts said the move, announced by Civil Aviation Minister Ajit Singh, would help airlines to cut 10-15 percent of their operating cost....
04:46 PM, Feb 07, 2012
New Delhi: Kingfisher Airlines Ltd has put on hold plans to join the global oneworld alliance, in the latest blow to the financially troubled carrier. It had hoped this month to become the first airline from the subcontinent to join the alliance in a move that the Economic Times of India estimated would allow it to boost earnings by 5 per cent by connecting it to over 800 cities around...
02:20 AM, Feb 05, 2012
New Delhi: The joining of Kingfisher Airlines into the global airline grouping "Oneworld Alliance" was put on hold on Friday due to the financial crisis faced by the Vijay Mallya owned carrier. The development came a day after the International Air Transport Association (IATA) suspended Kingfisher Airlines from its Geneva-based clearing house (ICH) due to non-payment of dues to airline members. "Kingfisher Airlines and Oneworld today agreed to put the...
07:26 AM, Feb 04, 2012
New Delhi: Air India has settled a "major portion" of dues owed to state-run oil marketing companies and will pay the remainder on Friday, a spokesman for the ailing national carrier said on Thursday. The oil marketing firms had earlier threatened to halt fuel supplies to Air India, reeling under a debt pile of $4 billion, from Friday for non-payment of dues. "We made some payment yesterday, some even today....
01:29 AM, Feb 03, 2012
Mumbai: State-run Air India owes the Airports Authority of India (AAI) 12 billion rupees while debt-laden private carrier Kingfisher Airlines owes 2.35 billion rupees, AAI Chairman VP Agrawal told. "The sector is under a lot of stress, and we can't take a unilateral decision on one airline. Grounding flights (of Kingfisher) will impact revenues and reduce connectivity further," he said. AAI is responsible for managing the civil aviation infrastructure in...
01:48 AM, Feb 01, 2012
New Delhi: Weeks after the aviation regulator warned Kingfisher not to compromise on aviation safety, its promoter Vijay Mallya on Wednesday met DGCA top brass in New Delhi and discussed the financial and operational recovery plan of the cash-strapped airline. "He (Mallya) has a recovery plan. It is up to us to see that he keeps to the plan," DGCA chief EK Bharat Bhushan told PTI after over an hour-long...
07:13 PM, Jan 25, 2012
New Delhi: As the government mulls allowing Kingfisher Airlines to import ATF directly, oil companies have opposed the move saying the proposal was "bad economics" for the beleaguered airline in view of high taxes and handling cost. In a detailed response to the application made by Kingfisher to import aviation turbine fuel (ATF) directly, oil firms stated that India is surplus in jet fuel and exports half of its production...
10:52 AM, Jan 15, 2012
Singapore: Germany's DVB Bank SE said it may repossess two Airbus A320 aircraft from troubled Kingfisher Airlines Ltd if the carrier failed to meet its commitment to the lender in due time. The cash-strapped Kingfisher, controlled by flamboyant liquor baron Vijay Mallya, is having trouble making interest payments and paying salaries. "It is a painful situation, it requires a lot of time and work," Bertrand Grabowski, a member of the...
01:45 PM, Jan 13, 2012
New Delhi: After a rap from the aviation regulator for neglecting safety issues, Kingfisher Airlines on Monday submitted a detailed response to DGCA giving time-bound plans to resolve the lapses and discrepancies identified. As Civil Aviation Minister Ajit Singh asserted that there would be no compromise on aviation safety, Kingfisher officials submitted the airline's response at the headquarters of the Directorate General of Civil Aviation (DGCA) in New Delhi, but...
07:53 AM, Jan 10, 2012
New Delhi: All major airlines in India are compromising on safety to cut costs, revealed aviation watchdog Directorate General of Civil Aviation (DGCA) in its audit report. The DGCA has put all the airlines on notice for safety. The DGCA has also cautioned low-cost carriers IndiGo, SpiceJet and GoAir for not maintaining crucial data needed for safe flights. The DGCA report severely criticised JetLite for not possessing the software to...
01:15 PM, Jan 09, 2012
New Delhi: Aviation regulator DGCA, which came down heavily on Kingfisher and Air India Express for ignoring safety requirements, has also found serious lapses on part of other carriers on major counts. Airlines like IndiGo, SpiceJet, Jet Airways, GoAir, Alliance Air and JetLite have been rapped for issues like non-reporting of incidents, lack of pilots, proper and regular training, absence of qualified safety officials and non-compliance of safety audits. A...
06:09 PM, Jan 07, 2012
New Delhi: Debt-ridden Kingfisher Airlines on Friday failed to pay its service tax dues for December, which could lead to freezing of its bank accounts once again, a senior Finance Ministry official said. "Kingfisher Airlines paid Rs 10 crore (April-November) arrears. We are still awaiting payment of the December dues," the official said. Last month, the Central Board of Excise and Customs (CBEC) had frozen 10 accounts of Kingfisher for...
08:22 PM, Jan 06, 2012
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