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 will be making out comprehensive plan to recover tax dues," CBEC Chairman Praveen Mahajan told reporters on the sidelines of an event organised by industry body CII in New Delhi.
Kingfisher Airlines, which has been making losses since its inception in 2005, owes more than Rs 200 crore in taxes to the government. Mahajan further said, "We have already frozen KFA's accounts. Whatever is there in service tax act, we have taken all the actions because this is in our interest also."
When asked whether the CBEC is contemplating prosecuting KFA, Mahajan said,"Prosecution also might happen...But everything takes time. There are different steps you have to take before you prosecute some body."...
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03:09 AM, Nov 21, 2012
New Delhi: In fresh trouble for cash strapped Kingfisher Airlines, at least 15 planes leased to them have been stripped clean, the leasing company sources told CNN-IBN. The 15 aircraft have been stripped of crucial parts at various airports and have been declared not fit to fly. Sources said that inspection of two aircraft in New Delhi found the passenger and cockpit interiors cleaned out. Airport authorities refused to take...
01:00 PM, Oct 22, 2012
Mumbai: Kingfisher Airlines stock fell nearly 5 per cent on Monday to touch the lower circuit limit after its flying licence was suspended by the DGCA late last week. The scrip of the financially-troubled company was down 4.8 per cent and hit the lower circuit limit of Rs 10.90 soon after the opening trade on the BSE. Similar was the trend at the NSE, where the stock plunged 4.82 per...
10:49 AM, Oct 22, 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
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: Kingfisher Airlines' woes continue as the airline's employees will be marching from India Gate to Jantar Mantar on Tuesday as there seems no end to the deadlock with the management. The National Human Rights Commission (NHRC) is also expected to send Chairman Vijay Mallya a notice in connection with the suicide of an employees wife. The Kingfisher staffer's wife committed suicide on Thursday citing financial strain. She had...
09:06 AM, Oct 09, 2012
New Delhi: More trouble for Vijay Mallya owned Kingfisher Airlines as the Directorate General of Civil Aviation (DGCA) has now issued a show-cause notice to the airline asking why its flying permit should not be cancelled. The airline employees staged protests across the country over non-payment of salary on Friday. Kingfisher employees were out on the streets - a nationwide protest launched against the management for not paying salaries for...
07:42 AM, Oct 06, 2012
New Delhi: Kingfisher Airlines expects to resume operations in four or five days after about 100 pilots and engineers in Delhi had agreed to return to work, an executive with the ailing airline said on Thursday. Sanjay Bahadur, vice president of corporate affairs, also said the airline expects to pay salaries for March within a week. Cash-and-debt-strapped Kingfisher, once India's second-largest airline, is half a year behind on salary payments...
11:36 AM, Oct 04, 2012
New Delhi: The deadlock between the Kingfisher Airlines management and its pilots and engineers continues as talks failed between them. A representative of the striking Kingfisher engineers and pilots said the strike will continue as the management has failed to give any commitment on payment of salaries. This came even as Kingfisher CEO Sanjay Agarwal met the Director General of Civil Aviation (DGCA) and promised to restart operations by Friday....
04:03 PM, Oct 03, 2012
New Delhi: The Directorate General of Civil Aviation (DGCA) on Monday and said that no Kingfisher Airlines flight was operating at present. Kingfisher cancelled flights due to pilots and engineers not reporting to work due to non payment of salaries. The airline in a statement said that it is taking all possible measures to lessen the impact of the employee strike. The airline further said it would proactively cancel flights...
12:13 PM, Oct 01, 2012
Mumbai: Kingfisher Airlines tumbled nearly 5 per cent to Rs 15.35 after it cancelled several flights due to pilots and engineers not reporting to work due to non payment of salaries. The airline in a statement said that it is taking all possible measures to lessen the impact of the employee strike. The airline further said it would proactively cancel flights on Monday as it feared a number of its...
11:04 AM, Oct 01, 2012
Mumbai: Aviation regulator DGCA will on Monday review Kingfisher Airline's operations in the wake of mass cancellation of its flights, even as a section of the airlines Mumbai-based pilots joined in the strike by its engineers. "We will review the situation of Kingfisher Airline," Director General of Civil Aviation Arun Mishra said. Mishra also said that airline's situation will also be discussed with the Civil Aviation Ministry. The engineers of...
09:54 AM, Oct 01, 2012
Mumbai: Mumbai-based pilots of near-bankrupt Kingfisher Airlines have decided to strike work indefinitely from Wednesday over non-payment of salaries. "Mumbai-based pilots have decided to go on a strike from tomorrow (Wednesday) onwards due to management's failure to keep its commitment on March salary payment," a source in the airline said. The proposed strike by a section of pilots could hamper the private airline's flight schedule "in a big way", he...
08:47 AM, Aug 29, 2012
Mumbai: A section of pilots of near-bankrupt Kingfisher Airlines on Saturday went on strike, second time in the month, demanding immediate payment of March salaries, leading to cancellation of seven flights from Mumbai. "A section of Mumbai-based pilots have gone on strike due to repeated failure to keep up with the promises (made by the airline management)," airline sources told PTI. Some flights from Mumbai have already been cancelled due...
02:46 PM, Aug 18, 2012
New Delhi: Air India has reinstated nine sacked pilots and the reconciliation process for the 89 other sacked pilots is underway and is likely to be sympathetically considered. A total of 97 terminated pilots had submitted their appeal to the Air India Reconciliation Committee. The Committee met in New Delhi and Mumbai. While one pilot appeared before the committee in New Delhi, eight others pleaded their case in Mumbai. Air...
03:24 PM, Jul 23, 2012
New Delhi: Air India management has been pulled up by the Delhi High Court for being too harsh on the airline's pilots. While hearing a petition on Monday, the High Court asked Air India to seek direction from the Centre and respond on whether the committee set-up to look into the reinstatement of sacked pilots can resolve the issue within four weeks. The bench of Justice Reva Khetrapal admonished Air...
03:27 PM, Jul 16, 2012
New Delhi: With its pilots' strike disrupting Kingfisher's flight schedules, the airline's promoter Vijay Mallya on Saturday asked the agitating employees not to talk to the media or "disgrace" the company saying it would affect the recapitalisation efforts. Mallya, however, gave no assurance by when the agitators salary dues would be cleared. "I really hope that good sense will prevail. I am doing my best. If some of you think...
04:05 PM, Jul 14, 2012
Mumbai: Debt-crippled Kingfisher Airlines has cancelled 41 scheduled flights on Saturday, the firm said, after some employees did not report for work in response to the company failing to pay their salaries. The airline, which is under immense pressure from lenders to work out a turnaround plan, said 75 per cent of its employees received their salaries by Friday as promised, while the rest will be paid by Monday. Kingfisher,...
01:41 PM, Jul 14, 2012
New Delhi: The Air India (AI) management has set up a committee to look into reinstatement of pilots, whose services were terminated during the recent strike, on case by case basis, the Delhi High Court was informed on Friday. Submitting a report before Justice Reva Khetrapal, conciliation officer Deputy Chief Labour Commissioner (CLC) S K Chand said conciliation proceedings were held between Air India management and its pilots on day-to-day...
06:04 PM, Jul 13, 2012
New Delhi: Conciliation talks between the Air India management and pilots, who went on a 58-day strike in support of their career progression issues, started on Tuesday. The parleys, which were held before the Deputy Chief Labour Commissioner, came in the backdrop of Delhi High Court asking both sides to hold talks on daily basis and report back to it on July 13. Sources said both sides stuck to their...
10:11 PM, Jul 10, 2012
