Mumbai: Kingfisher lenders, including SBI, on Saturday expressed concerns over the airline losing its licence to fly, but said recovery of loans through sale of its assets is the last option. "... we are concerned as we have no control on these developments. We were prepared for all these. The last thing we bankers want is a complete shut-down of the airline, as we want the airline to resume operations...
07:46 PM, Oct 20, 2012
New Delhi: Flying licence of Kingfisher Airlines has been suspended till further orders, the Directorate General of Civil Aviation has said. "KFA's licence has been suspended till it comes with a revival plan," it said. The move comes after the Vijay Mallya-owned airlines failed to respond to DGCA's show cause notice. The airline has been struggling to pay its bills. It is seven months behind on salary payments and its...
02:34 PM, Oct 20, 2012
New Delhi: All eyes are on Kingfisher Airlines which faces suspension of its license on Saturday after it failed to reply to any of the questions posed in the Directorate General of Civil Aviation (DGCA) show cause notice. Instead, the airline has asked for time to reply in person to the notice. The DGCA is mulling what steps should be taken next with a team of legal experts. A decision...
07:34 AM, Oct 20, 2012
The IAC has reportedly formed an ombudsman to probe into allegations against members Anjali Damania, Prashant Bhushan and Mayank Gandhi. The crisis-ridden Kingfisher Airlines on Friday extended its lockout till October 23. Meanwhile, a case was registered against six unidentified persons on Friday in connection with the hijack alarm incident involving an Air India flight at the international airport in Thiruvananthapuram. ...
11:37 PM, Oct 19, 2012
The IAC has reportedly formed an ombudsman to probe into allegations against members Anjali Damania, Prashant Bhushan and Mayank Gandhi. ...
10:12 PM, Oct 19, 2012
New Delhi: Suspension of licence stares in the face of crisis-ridden Kingfisher Airline as it extended its lockout till October 23 and submitted a reply to aviation regulator DGCA's show-cause notice on the matter. Reacting to the airline's reply, official sources said the Directorate General of Civil Aviation (DGCA) was consulting legal experts on what action - suspension or cancellation of flying licence - could be taken against Kingfisher for...
08:46 PM, Oct 19, 2012
New Delhi: Cash-strapped Kingfisher Airlines on Friday extended its partial lockout till October 23. Sources, however, say that operations may resume on November 6, "subject to the review and approval" of the airline company's "resumption plan by the Directorate General of Civil Aviation (DGCA)". The airline company said that it had submitted its reply to the DGCA's showcause notice and that it was now waiting for its response. If the...
04:48 PM, Oct 19, 2012
Mumbai: Kingfisher Airlines scrip on Thursday fell by about 5 per cent after the company's meeting with the striking employees failed to resolve the deadlock over unpaid salaries. Shares of the company opened weak and soon fell by 4.76 per cent to touch the lower circuit limit of Rs 12 on the BSE. At NSE, the scrip plunged 4.78 per cent to Rs 11.95. The management of KFA, grounded since...
12:06 PM, Oct 18, 2012
New Delhi: It seems it is end of the road for Vijay Mallya's Kingfisher Airlines? Civil Aviation Minister Ajit Singh on Wednesday said that the airline's license could be cancelled. Meanwhile, there seems no end to the lockout as talks with employees failed again on Wednesday. In fact the Directorate General of Civil Aviation (DGCA) has blocked out the debt-ridden airlines' winter schedule. No flights have been operating since October...
07:17 AM, Oct 18, 2012
Mumbai: The management of Kingfisher Airlines (KFA), grounded since September 29, will be meeting striking pilots and engineers again on Monday in a bid to end the three-week imbroglio, senior pilots said on Wednesday, indicating the crippled airline will have to extend the lockout for a second time. Earlier in the day, the KFA management, led by Chief Executive Sanjay Aggarwal and HR head Hitesh Patel met the representatives of...
11:42 PM, Oct 17, 2012
Mumbai: Kingfisher Airlines will extend the date to restart the carrier's operations, its chief executive Sanjay Aggarwal told reporters, after a meeting with employees on Wednesday. Kingfisher said last week that its planes, grounded since October 1 after an employee protest turned violent, would not fly until October 20. "Talks have been positive. We are moving in the right direction. We will have to extend the deadline to restart operations,"...
04:03 PM, Oct 17, 2012
New Delhi: With no end in sight to the 16-day impasse over a lockout and strike by its workers, Kingfisher Airlines management will be meeting with their representatives on Wednesday in a last-ditch effort to convince them to return to work. The meeting, scheduled in Mumbai, is likely to be attended by top officials of the parent company, UB Group, apart from the airline top-brass. It comes three days before...
08:42 AM, Oct 17, 2012
New Delhi: Beleaguered Kingfisher airlines, which has declared a lockout till October 20, will hold a meeting with the employees' representatives on Monday in Mumbai to resolve the deadlock over non-payment of salary dues. Airline CEO Sanjay Aggarwal has written a letter calling employees for the meeting, airline sources said. Employees have been on a strike demanding payment of salaries of seven months and have been insisting that dues be...
04:24 AM, Oct 15, 2012
New Delhi: Beleaguered Kingfisher airlines, which has declared a lockout till October 20, will hold a meeting with the employees' representatives on Monday in Mumbai to resolve the deadlock over non-payment of salary dues. Airline CEO Sanjay Aggarwal has written a letter calling employees for the meeting, airline sources said. Employees have been on a strike demanding payment of salaries of seven months and have been insisting that dues be...
05:05 PM, Oct 14, 2012
New Delhi: Beleaguered Kingfisher airlines, which has declared a lockout till October 20, will hold a meeting with the employees' representatives on Monday in Mumbai to resolve the deadlock over non-payment of salary dues. Airline CEO Sanjay Aggarwal has written a letter calling employees for the meeting, airline sources said. Employees have been on a strike demanding payment of salaries of seven months and have been insisting that dues be...
11:39 AM, Oct 14, 2012
New Delhi: The Kingfisher Airlines has decided to extend its lockout till October 20, expressing hope that the carrier will resume operations from October 21. This comes even as aviation regulator, the Directorate General of Civil Aviation (DGCA) has said that there has been no communication from KFA since it was served a show-cause notice. In wake of the extension of the lockout of the carrier, the DGCA has said...
07:39 PM, Oct 12, 2012
Hyderabad: A court in Hyderabad on Friday issued a non-bailable warrant against Kingfisher Airlines and its Chairman Vijay Mallya in a case of cheques bouncing filed by GMR Hyderabad International Airport Ltd (GHIAL). The case pertains to bouncing of cheques worth more than Rs 10 crore issued by Kingfisher Airlines to GMR as Hyderabad airport charges. GMR, which manages the Rajiv Gandhi International Airport in Hyderabad, moved the court after...
02:46 PM, Oct 12, 2012
New Delhi: The Kingfisher Airlines lockout which has been on since October 1 may be extended further with employees not willing to join back work till their dues are cleared. Online bookings which were earlier available from October 13 onwards, have now been extended to October 20. On Tuesday, Kingfisher Airlines CEO Sanjay Aggaarwal had sent a letter to all employees urging them to join back work. "Unless we can...
07:19 AM, Oct 12, 2012
New Delhi: The partial lockout of the Kingfisher Airlines is likely to be extended again on Friday. The partial lockout, which was initially announced by the carrier till October 4, was earlier extended till October 12 by the management citing "illegal strike" by its staff. According to sources, the employees of Kingfisher Airlines have made it clear that they will not join back work till they get their salaries. The...
07:40 PM, Oct 11, 2012
New Delhi: The CEO of Kingfisher Airlines Ltd, grounded since the start of the month, urged striking employees to return to work as the carrier scrambled to find solutions to its cash flow problems. Shares in the carrier fell 5 percent, their daily limit, for the eighth straight session on Wednesday as investors lose hope that the airline controlled by liquor baron Vijay Mallya will get a lifeline from a...
09:38 PM, Oct 10, 2012
