KINGFISHER

  • From bad to worse: Vijay Mallya loses posts at Kingfisher, MCFL December 1, 2014

    New Delhi: In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re- appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another group company MCFL. This comes close on the heels of minority shareholders of United Spirits, once a prized...
  • Why Siddharth Mallya's sexual orientation is none of our concern November 27, 2014

    New Delhi: Gay men are impeccably well dressed, they happen to have an exceptionally defined jawline and also tend to be constantly surrounded by women. Well, we are not saying that, but this definition comes from son of aspiring actor and business tycoon, Siddharth 'Sid' Mallya. In his new episode...
  • Kingfisher Airlines seeks basis of wilful defaulter tag from UCO Bank November 9, 2014

    Kolkata: Grounded Kingfisher Airlines has written to UCO Bank wanting to know the basis of attaching the 'wilful defaulter' tag on the carrier. "First we had sent the airline and its corporate guarantor a notice asking why the two entities should not be declared as wilful defaulters," a source in the...
  • BSE, NSE announce suspension of trading in shares of Kingfisher Airlines November 8, 2014

    Mumbai: In a major blow to Vijay Mallya, top exchanges like Bombay Stock Exchange and National Stock Exchange have announced suspension of trading in shares of Kingfisher Airlines from December. The announcement which was made on Friday also includes UB Engineering, a part of Mallya's conglomerate- United Breweries Limited. The...
  • We've right to be represented by lawyers: Kingfisher Airlines to HC October 13, 2014

    New Delhi: Ailing Kingfisher Airlines, facing proceedings initiated by lending bank PNB to declare it and its guarantors Vijay Mallya and UBHL as wilful defaulters, on Monday told the Delhi High Court that it has the right to be represented by lawyers before the bank's panel. "Unless, a law specifically...
  • Vijay Mallya in further trouble, SBI sends wilful defaulter notice September 9, 2014

    Mumbai: Days after United Bank of India declared Kingfisher Airlines promoter Vijay Mallya and three other directors wilful defaulters, country's largest bank State Bank of India on Tuesday said it has also sent a notice to tag them as "wilful defaulters". "We have already sent a notice to KFA (to declare...
  • Kingfisher Airlines contests wilful defaulter tag September 9, 2014

    Mumbai: Debtridden Kingfisher Airlines on Tuesday contested UBI's decision to declare it as a wilful defaulter, saying that RBI guidelines in this regard do not apply to the company. The carrier, which has been grounded since October 2012, is also in the process of seeking legal...
  • Vijay Mallya denies being a 'wilful defaulter', says will pursue legal action September 4, 2014

    New Delhi: Under fire from the court and banks, Kingfisher Airlines Chairman Vijay Mallya has denied allegations that he is a wilful defaulter. He has said that he will take the legal recourse available. He made these comments while attending the United Breweries' Annual General Meeting in Bangalore on Thursday....
  • No end to trouble for Vijay Mallya, United Bank to declare him and Kingfisher Airlines as wilful defaulters September 3, 2014

    Mumbai: In more trouble for Kingfisher Chairman Vijay Mallya, the Supreme Court has refused to entertain his plea against being declared a 'wilful defaulter' by the United Bank of India. Kolkatabased United Bank has set in motion the process that will declare Mallya and his Kingfisher Airlines as wilful defaulters...
  • No relief for Kingfisher Airlines, SC doesn't restrain Union Bank from declaring it a wilful defaulter September 2, 2014

    New Delhi: In a setback for the Kingfisher Airlines, the Supreme Court on Tuesday refused to restrain the Union Bank of India from declaring it a wilful defaulter. "Now that you have been declared a defaulter, you can challenge it in any court," the SC said. The KFA had approached the...
  • United Bank of India declares Vijay Mallya as wilful defaulter September 1, 2014

    New Delhi: Staterun United Bank of India on Monday became the first lender to declare debtridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters. "We have declared Vijay Mallya and three other directors of Kingfisher Airlines as wilful defaulters," United Bank of India Executive Director Deepak Narang told PTI. The...
  • CBI probes 900 crore lend to Kingfisher by IDBI August 10, 2014

    Industrial Development Bank of India allegedly continued to issue loans to Kingfisher despite an adverse internal report. Now, CNNIBN has got hold of an official order that warned the bank about the status of Vijay Mallya and his airlines. Despite that since 2009 the bank has loaned the airline over...
  • CBI probes Rs 900 crore loan given to Kingfisher Airlines by IDBI bank August 10, 2014

    New Delhi: The Central Bureau of Investigation on Sunday begun a probe into Rs 900 crore loan given by the IDBI Bank to the now defunct Kingfisher Airlines. The loan was given in 2009 despite an internal bank report that the aviation company was in the red. The report was...
  • Kingfisher, Jet group, SpiceJet owe about Rs 377 crore to Airports Authority of India July 21, 2014

    New Delhi: Three private carriers jointly owe about Rs 377 crore as unpaid airport and other dues to the Airports Authority of India (AAI), including Rs 172.69 crore by defunct Kingfisher Airlines alone, between April and June. Cases have been filed in the Bombay High Court against Kingfisher which has shut...
  • UBI asks Mallya, Kingfisher directors to appear on July 9 June 29, 2014

    Kolkata: Citybased lender United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office here on July 9. "The recovery department of the bank has sent a letter to them asking chairman Vijay Mallya...
  • Nine Kingfisher trademarks put up for sale April 8, 2014

    Mumbai: Kingfisher lenders on Monday put on block nine trademarks of the grounded carrier to recover dues running into crores of rupees. The trademarks put on on the block include Fly Kingfisher and Fly Kingfisher (Label), both registered with KFA and each having a validity of up to January 10,...
  • Kingfisher Airlines employees urge Yuvraj Singh to refuse to play for RCB February 14, 2014

    Yuvraj Singh became the top earner at the 2014 IPL Auction when he was sold for Rs. 14 crore to Royals Challengers Bangalore (RCB) an Indian Premier League franchise owned by liquor baron Vijay Mallya, who also owns the controversyridden Kingfisher Airlines (KFA). According to India Today, the Kingfisher Employees...
  • Grounded Kingfisher Airlines posts $132 million third quarter loss February 12, 2014

    Grounded Kingfisher Airlines, which has not flown in more than a year, reported yet another quarterly loss as it had no income from operations. Kingfisher, once India's no. 2 carrier and headed by flamboyant liquor baron Vijay Mallya, said net loss was 8.22 billion rupees for its fiscal third quarter to...
  • Kingfisher Airlines employees to turn to Kejriwal for help December 30, 2013

    Mumbai: The employees of the grounded Kingfisher Airlines, who have not been paid their salaries for the past 17 months, on Sunday said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues. "In the past, we have requested to both the Congress and the BJP...
  • Harried Kingfisher Airlines employees to turn to Kejriwal for help December 29, 2013

    Mumbai: The employees of the grounded Kingfisher Airlines, who have not been paid their salaries for the past 17 months, on Sunday said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues. "In the past, we have requested to both the Congress and the BJP to...
  • FIR against Mallya, Kingfisher for nonpayment of airport fees October 25, 2013

    An FIR was filed against liquor baron Vijay Mallya and his cashstrapped Kingfisher Airlines on a criminal complaint by Bangalore International Airport Limited for nonpayment of user development fees and passenger service fees to it on Friday. "We have filed an FIR against Vijay Mallya and Kingfisher Airlines...," Assistant Police Commissioner...
  • Kingfisher Airlines in talks with an investor: Vijay Mallya September 24, 2013

    Kingfisher Airlines Ltd, which has been grounded for almost a year for want of cash, is in talks with a foreign investor for a potential stake sale, Chairman Vijay Mallya said on Tuesday, without naming any investor. "I expect this to take some form or shape in the next 90 days....
  • Kingfisher's annual general meet today, employees threaten hunger strike over salary dues September 24, 2013

    Grounded Kingfisher Airlines on Monday made a lastditch attempt to preempt a hunger strike threat by its employees, by asking them to wait till Thursday, as airline expects some positive outcome from the hearing on the winding up petition against it, say sources. The Karnataka High Court is slated to hear...
  • Kingfisher Airlines seek $236 million in damages from engine-maker IAE September 3, 2013

    A founder group company of grounded Indian carrier Kingfisher Airlines Ltd is seeking about $236 million in damages from engine-maker International Aero Engines for allegedly supplying "inherently defective" engines, the airline said. United Breweries (Holdings) Ltd has filed a lawsuit against International Aero Engines AG and its shareholders in a court...
  • Vijay Mallya blames all but himself for Kingfisher woes September 3, 2013

    Mumbai: Kingfisher Airlines Chairman Vijay Mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since October last year. In the airline's annual report (2012-13), he also mentions that the company is in talks with a "potential investor". United Breweries (Holdings) Ltd, the...
  • SBI takes possession of Kingfisher House August 12, 2013

    In another setback for Kingfisher Airlines Chairman Vijay Mallya, the Kingfisher Airlines House in Mumbai will now be auctioned. The State Bank of India, which is a lender to the airlines, took possession of the Kingfisher House on Saturday. ...
  • Mumbai: Kingfisher House to be auctioned as SBICAP takes possession August 12, 2013

    Mumbai: In another setback for Kingfisher Airlines Chairman Vijay Mallya, the Kingfisher Airlines House in Mumbai will now be auctioned. The State Bank of India, which is a lender to the airlines, took possession of the Kingfisher House on Saturday. KFA House is the headquarters of the airline in...
  • Vijay Mallya may face prosecution for not paying service tax arrears August 8, 2013

    New Delhi: The Indirect Tax Department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case. "Prosecution is definitely a provision there in the Act. And that decision of taking action on Kingfisher owner for not paying service tax...
  • Kingfisher Airlines employees call off strike June 7, 2013

    Mumbai: The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off on Friday evening though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears. The agitation was called off after the second round of meeting between the employees and airline CEO Sanjay...
  • Don't have money to pay your salaries: Mallya to KFA staff June 7, 2013

    Mumbai: Kingfisher Airlines chairman Vijay Mallya on Friday told his agitating employees, who began a hunger strike, that he did not have money to clear their salary dues. "I don't have the money to pay your salary dues, because I cannot use the proceeds from the United SpiritsDiageo deal for...