Kingfisher Airlines needs to invest at least Rs 2,000 crore to restart its operations, said one of its lenders, State Bank of India's Chairman Pratip Chaudhuri. SBI is the lead banker in the 17-lender consortium that extended Rs 7,000 crore loans to the now grounded Kingfisher Airlines. ...
06:09 PM, Jan 22, 2013
Grounded Kingfisher Airlines on Wednesday made another attempt to convince Director General of Civil Aviation (DGCA) on its revival plans, but failed to provide any details on its funding which the aviation regulator wanted. Kingfisher chief executive officer Sanjay Agarwal met DGCA Arun Mishra in New Delhi for about 45 minutes to apprise him of the prevailing scenario facing the airline, but sources said he gave no information about any...
01:08 PM, Jan 16, 2013
With employees threatening to move court for closure of the company, Kingfisher Airlines chairman Vijay Mallya on January 10 finally broke his silence through a letter to his employees saying the management is making every effort to restart operations. At the same time, Mallya urged the employees to be careful in their interaction with the media, alleging "negative reporting" by media on the carrier. ...
12:32 PM, Jan 10, 2013
A consortium of lenders, led by State Bank of India, on Friday opposed ailing Kingfisher Airlines' plan to resume operations and insisted on "better commitments" from the carrier. The meeting between lenders and the KFA management in Bangalore remained inconclusive as the bankers were "not impressed" with the revival plan, sources said. ...
10:25 PM, Jan 04, 2013
Financially stretched Kingfisher Airlines on Monday submitted its revival plans to the aviation regulator which had cancelled its flying licence over safety concerns. "They (Kingfisher Airlines) submitted their revival plans to the director general of civil aviation (DGCA) in a meeting held today (Monday)," a civil aviation ministry source said. ...
04:08 PM, Dec 24, 2012
