As the lenders tighten the noose around the beleaguered Kingfisher Airlines, the consortium of banks, led by the SBI says Rs 1,000 crore have been recovered by selling the assets of the Vijay Mallya-owned airlines.
The Union Civil and Aviation Ministry has scrapped the international flying rights and domestic slots of the grounded Kingfisher Airlines Limited, which could make its planned, phased restart even more difficult. The move is likely to make available 25,000 add...
The Civil Aviation Minister Ajit Singh says that the Kingfisher Airlines might be able to fly again only if they have at least Rs 10 billion to restart operations. According to the sources in the government, the government might help KFA if they paid off all t...
The DGCA, which appeared to be unconvinced with the revival plan submitted by Vijay Mallya, has deregistered four Kingfisher Airlines planes. The DGCA has observed that infusion of Rs 650 crore is not enough to redeem KFA.
Offering a fresh assurance to salvage the debt-ridden Kingfisher Airlines, Vijay Mallya has said that he has written to all KFA employees and has even submitted a detailed revival plan to DGCA. Mallya was responding a threatening letter from the employees in w...
He is flamboyant and is known to live life king size and makes no qualms about it. The King of good times who has been having some bad moments recently, Vijay Mallya, due to his once upon a time soaring aviation business crash landed. In this segment, catch th...
The financial worries of Kingfisher Airlines are in no way receding. In the latest, Mumbai airport authorities took over seven aircraft of the Airlines in lieu of pending dues. The Union aviation ministry has said that unless the airline takes care of its safe...
The Kingfisher Airlines management has once again gone back on its word and has failed to pay its employees their dues. The management had earlier promised to pay all the dues by Diwali. The employees have been forced to issue an ultimatum to the Airlines and ...
Despite their promise to disburse previous month's salaries to Kingfisher employees by Diwali, the management is yet to make any headway towards that. The Kingfisher employees, who had a dark Diwali, are still playing the wait-and-watch game and are hoping tha...
Kingfisher Airlines employees, who did not received their promised pay, have set a deadline for the KFA management to pay their salaries. The KFA employees have said that they will mull further course action after November 15.
Global leader in spirits Diageo Plc is all set to buy 51 per cent stake in Vijay Mallya's United Spirits Limited. The deal, which cost anywhere up to $2 billion, is being seen as a move to bailout Mallya's Kingfisher Airlines. Although, the money is for a stak...
Kingfisher Airlines chairman Vijay Mallya has met Civil Aviation Secretary KN Srivastava and has reportedly presented a revival plan for the debt-ridden Airlines. The DGCA had earlier suspended the flying license of KFA. Mallya has said that he briefed the Avi...
Kingfisher Airlines chairman Vijay Mallya has met Civil Aviation Secretary KN Srivastava and has reportedly presented a revival plan for the debt-ridden Airlines. The DGCA had earlier suspended the flying license of KFA. Mallya says that he briefed the Aviatio...
Kingfisher is making a desperate attempt to get its flying suspension revoked. Kingfisher CEO Sanjay Agarwal met with DGCA officials to put forth his plea. The CEO reportedly presented a roadmap for the revival of the airline. The airline engineers are expecte...
Kingfisher CEO Sanjay Agarwal has just completed a crucial meet with the DGCA. Sanjay Agarwal was expected to present a roadmap for the revival of the airline. Kingfisher is pleading for a revocation on the suspension of its license. The airline engineers have...
As the standoff between Kingfisher Airlines employees and management has come to an end, Vijay Mallya tweets saying that he welcomes all to work. In his tweet, he also thanks KFA employees for their faith in him and in the Airlines and for their continuing com...
After the meeting with the CEO of Kingfisher airlines, where a discussion about convincing the employees to agree to the management's offer was done, the employees have ended the strike and have resumed work. The airlines' main focus is to convince the aviatio...
Kingfisher Airlines gets sort of a breather as the Delhi pilots have agreed to three months' salary offer proposed by the KFA management. The Mumbai pilots had agreed to this offer earlier. There are indications that the Bangalore pilots too may follow suit. K...
The Delhi pilots have agreed to accept Kingfisher Airlines management's offer of three month's salary. The pilots will get one month's salary today and the rest before Diwali. However, the technicians, engineers and ground staff have not yet accepted this prop...
In an attempt to end the standoff between the Kingfisher Airlines staff and management, KFA CEO Sanjay Aggarwal is meeting the engineering staff of the Airlines. The engineering staff has not yet agreed to the three months' salary offer proposed by the managem...
Kingfisher Airlines Delhi staff continue to oppose the proposal put forward by the KFA management. The management has offered three months' salary to the striking employees to be paid before Diwali. But the Delhi staff have said that they would be looking for ...
Kingfisher Airlines CEO Sanjay Aggarwal will be meeting the airline engineers in New Delhi, to convince the employees to agree to the management offer of their salaries. The salaries are likely to be paid after 200 days. The company will be requesting the empl...
There appears to be more bad news for the Kingfisher employees who were already without pay for several months. Sources have said that the Kingfisher Airlines is planning to layoff staff after Diwali. The airlines is also planning to junk the maximum flight op...
The Serious Fraud Investigation Office internal report blamed the flawed business model of Kingfisher Airlines for its current condition. The SFIO report also blames Kingfisher for misusing funds that are raised for its mother company. The money was diverted f...
In what appears as a fresh twist, an insider who is in the know-how of things, has claimed that the Kingfisher Airlines crisis could have been averted had not the Civil Aviation Ministry been soft on the Airlines. The insider has alleged that Kingfisher Airlin...
There appears to be a division among the agitating Kingfisher Airlines pilots as the Mumbai pilots have agreed to the proposal put forward by the KFA management. The management had agreed to pay three months' salaries even as the pilots have been insistent on ...
In what appears as a fresh twist, an insider who is in the know-how of things, has claimed that the Kingfisher Airlines crisis could have been averted had not the Civil Aviation Ministry been soft on the Airlines. The insider has alleged that Kingfisher Airlin...
The Kingfisher Airlines employees continue to insist on their demand of four months' salaries, rejecting the offer put forward by the KFA management. The pilots have also objected to the 'no protest' clause that they are asked to sign. They have also reportedl...
According to sources, Kingfisher management will try to end the deadlock to avoid embarrassment for chairman Vijay Mallya before the F1 championship in India. The management will try to avert any crisis before the Formula One race to save Mallya any sort of em...
In regard with the Kingfisher Airline fiasco, Union civil aviation minister Ajit Singh says that private firm employees do not come under any ministry's purview. He says the government can't interfere as Kingfisher is a private company. He agrees that though t...
Kingfisher's efforts to take off crash landed after it's employees, who haven't been paid in several months, refuse the management's offer of three months' salary before Diwali. The employees demand a direct talk with the owner of the airline, Vijay Mallaya, a...
Striking employees of the debt-ridden Kingfisher Airlines have demanded that chairman Vijay Mallya talk to them in person. Desperate employees, who haven't been paid for the last seven months, want Mallya to conduct talks with them face-to-face and take respon...
Kingfisher Airlines promises to pay its employees three months salaries once the company has been recapitalised. The Airlines says salaries for June to September 2012 will be paid to them before Diwali. Following a confidential meeting that took place at The Q...
Centre Stage | The Kingfisher Airlines impasse continues as the employees have refused to accept the solution offered by the KFA officials. The officials have been attempting to pacify the agitating employees in vain. The Directorate General of Civil Aviation ...
News Night | The Kingfisher Airlines impasse continues as the employees have refused to accept the solution offered by the KFA officials. The officials have been attempting to pacify the agitating employees in vain. The Directorate General of Civil Aviation (D...
The striking Kingfisher Airlines employees have refused to accept the offer put forward by the Airlines. The KFA management had earlier said that the employees will get three months' salaries before Diwali. Subasa Mishra, spokesperson of KFA Engineers Union sa...
The striking Kingfisher Airlines employees have refused to accept the offer put forward by the Airlines. The KFA management had earlier said that the employees will get three months' salaries before Diwali. The agitating employees remain adamant on getting fou...
Finally the months-long agitation by the Kingfisher Airlines employees appears to have bore some fruit as the cash-strapped KFA has agreed to pay its striking employees a month's salary. There are no reports of if the employees have agreed to accept this offer...
Finally the months-long agitation by the Kingfisher Airlines employees appears to have bore some fruit as the cash-strapped KFA has agreed to pay its striking employees a month's salary. Meanwhile Kingfisher Airlines' shares have dropped down drastically follo...
Employees of Kingfisher Airlines will meet the management today to find a solution to the 20-day strike. The employees went on strike on October 1 demanding payment of their salaries, which have been pending for eight months. The meeting, called on Sunday nigh...
The Directorate General of Civil Aviation (DGCA) suspends the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan. The Vijay Mallya-promoted airline, which has not operated a single flight since October 1, had been...
The Directorate General of Civil Aviation (DGCA) suspends the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan. The Vijay Mallya-promoted airline, which has not operated a single flight since October 1, had been...
Top Kingfisher Airline officials will meet on Wednesday to discuss the impasse over the lockout and airline employees' strike. The airline officials, along with top brass of UB Group, will meet the employees to convince them to return to work. The workers went...
The Kingfisher Airlines partial lockout ends today, but the Airline might extend the lockout as the Kingfisher employees strike continues. The KFA pilots and engineers are adamant that they will not get back to work unless the seven months salary that is due t...
Kingfisher has prepared its reply to the showcause notice issued by the Aviation Regulator, the DGCA. KFA has given a detailed response to all the concerns brought forward by the Aviation Authority. Vijay Mallya has assured the DGCA that the Airlines still has...
The Chairman of Kingfisher airlines and United Breweries Group is set to part 25% of the stakes of United Spirits to UK-based company Diago, in order to raise funds and save Kingfisher Airlines from being grounded for good.
On Market Hour: Telecom Minister Kapil Sibal supports levying one time spectrum fees but says the Cabinet will take the final decision. Market Hour speaks to Rajan Mathews from COAI, Swati Kulkarni from UTI AMC and Mohit Sarat from Luthra & Luthra for their re...
More trouble coming in gor Vijay Mallya as the KFA employees have intensified their protest by forming a human chain at the domestic terminal of Mumbai airport over the issue of non-payement of salaries. The KFA engineers will meet the Executive Vice President...
Civil Aviation Minister Ajit Singh states that the crisis-ridden Kingfisher Airlines would have to satisfy aviation regulator DGCA on all aspects including safety and issue of non-payment of salaries to its employees in reply to the show cause notice. The mini...
The Directorate General of Civil Aviation (DGCA) has served a show-cause notice to the debt-ridden Kingfisher Airlines asking why its flying permit should not be suspended or cancelled. The DGCA is also set to seek legal opinion from the Law Ministry as to how...
The Directorate General of Civil Aviation (DGCA) has served a show-cause notice to the debt-ridden Kingfisher Airlines asking why its flying permit should not be suspended or cancelled. Earlier Civil Aviation Minister Ajit Singh had given indications about the...
Reacting to the accusation that the Civil Aviation Ministry is being soft on the debt-ridden Kingfisher Airlines, Civil Aviation Minister Ajit Singh says that the Ministry is doing what it can do as per the rules. He goes on to say that the Director General of...
Kingfisher Airlines' pilots and engineers in full uniform are taking out a protest march from the domestic airport to the Kingfisher house in Mumbai. They are demanding their salary for the last seven months and are refusing to resume work until they are paid.
Employees of the Kingfisher Airlines are protesting outside Mumbai airport as they have not been paid their salaries for the last seven months. Similar protests may be taken out in other cities like Delhi, Bangalore and Chennai.
The Civil Aviation Minister has sent out a tough message to Kingfisher Airlines a day after the debt-ridden carrier extended its partial deadlock to Oct 12. Ajit Singh said that passenger safety cannot be compromised and Kingfisher will have to meet the DGCA g...
Employees of the bankrupt Kingfisher Airlines will approach the Bombay High Court as their salaries have not been paid for nearly six months after KFA's accounts were frozen. The protest had turned violent and the talks with management has failed. The KFA flee...
Civil Aviation Minister Ajit Singh has hardened his stand on the Kingfisher Airlines crisis, a day after the debt-ridden carrier extended its partial deadlock to Oct 12. Ajit Singh said that passenger safety cannot be compromised and Kingfisher will have to me...
Aviation Minister Ajit Singh has spoken out again on the Kingfisher crisis, saying that if employees are disgruntled then it is a question of passenger safety. The airlines has been forced to extend its partial lockout till October 12. The DGCA has filed a sta...
After Kingfisher CEO Sanjay Agarwal's meeting with the striking engineers and pilots failed to end the deadlock, the debt-ridden carrier extended its partial deadlock to Oct 12. Ajit Singh said that passenger safety cannot be compromised and Kingfisher will ha...
Sushmita, a wife of a ground staff at KFA, committed suicide. The woman mentioned the reason for the suicide to be, financial crisis because her husband had not been receiving any salary. Due to the recent crisis in Kingfisher, its employees have not received ...
Kingfisher Airlines has dipped itself into a king-sized mess, and the trouble only seems to be compounding. On one hand, the airlines has been forced to extend its partial lockout till October 12, while on the other hand an employee's wife has committed suicid...
Newshour | The woes of debt-ridden Kingfisher Airlines have been aggravated following the suicide of the wife of a staff member. The reason for the suicide, as suggested by the suicide note, was the financial crisis faced by the family. But the Civil Aviation ...
News Night | Adding to the woes of the crisis-struck Kingfisher Airlines is the suicide of the wife of one of the staff members. The Airline is forced to take cognizance of the matter as financial crisis has apparently led to this extreme step. Civil Aviation ...
It is a suicide, the first of its kind linked to the distress faced the employees of Kingfisher Airlines. The wife of an employee of the airlines committed suicide in Delhi. In her suicide note, she spoke of the depression her husband was in due to non-payment...
The wife of a Kingfisher Airlines employee has committed suicide in Delhi. The suicide note says that the family was in financial distress. Manas Chakraborty, husband of the lady who committed suicide, works as a ground staff with the debt-ridden airline.
Civil Aviation Minister Ajit Singh has emphasized that the safety of the passengers is the primary concern. The DGCA has now filed a status report on Kingfisher Airlines, demanding that the Airline declare its future strategy. The Civil Aviation Minister Ajit...
The Kingfisher management will not be meeting with the DGCA today. The Kingfisher crisis continues to escalate as talks between the management and striking employees fails yet again. The DGCA has now filed a status report on Kingfisher Airlines, demanding that...
The Kingfisher crisis continues to escalate as talks between the management and striking employees fails yet again. A crucial meeting will now be held between the Kingfisher management and the DGCA. The Directorate General of Civil Aviation has now filed a sta...
The Kingfisher deadlock continues. Around 40-50 KFA ground staff and a few engineers were present at the emergency meeting with Sanjay Agarwal, the Kingfisher CEO. The employees have rejected the compromise formula pitched during the meeting. Civil Aviation Mi...
The Kingfisher Airlines CEO Sanjay Agarwal evades questions on the all-important meet with the KFA employees, which is likely to determine the future of the cash-strapped airline. The KFA crisis compounds as talks between the management and the striking engine...
The DGCA has played it tough on Kingfisher Airlines and has demanded that the airlines submit a report on all the queries asked. The DGCA has asked the airlines whether it can sustain the integrity of the schedule and manage to stay afloat. The airlines will s...
Civil Aviation Minister Ajit Singh addresses the media on the issue of the Kingfisher crisis, which is gradually spiralling out of control. The KFA crisis compounds as talks between the management and the striking engineers fail for the second day in a row. Th...
Kingfisher Airlines CEO Sanjay Agarwal is meeting with employees in New Delhi today in a last-ditch effort to sort out the differences between them. The KFA engineers are still standing by their demand that Sanjay Agarwal must publicly apologise to them for re...
The Kingfisher Airlines has run into deeper trouble with talks between the management and striking employees failing once again. The SBI has already declared KFA to be heavily under debt. The airlines has a debt of a whopping Rs 7000 crore and its fleet size h...
The Kingfisher Airlines has cancelled all flights till Thursday. It faces a potentially prolonged shutdown until the cash-strapped carrier clears a salary backlog going back months. On Wednesday, the company CEO, Sanjay Aggarwal met with the engineers. The mee...
The Kingfisher Airlines has cancelled all flights till Thursday. It faces a potentially prolonged shutdown until the cash-strapped carrier clears a salary backlog going back several months. On Wednesday, the company CEO, Sanjay Aggarwal met with the engineers....
The Directorate General of Civil Aviation sources have revealed that the Kingfisher Airlines will be allowed to operate only after they have paid the due salaries to their employees. The DGCA has also asked the cash-strapped Airlines to get the airworthiness c...
Reacting to Kingfisher Airlines CEO Sanjay Agarwal's mail, the engineers of the Airlines have said that they are highly educated and highly skilled maintenance personnel and not criminals. The engineers have also alleged that the Airlines, instead of giving th...
Aviation Minister Ajit Singh says that safety is non-negotiable and that the Kingfisher Airlines can begin anew its operations only after the certified engineer gives its the necessary permission after ensuring the passenger safety. The Directorate General of ...
Civil Aviation Minister Ajit Singh has said that passenger safety is of utmost importance and that the Kingfisher Airlines can restart its operations only if it gets the airworthiness certification from the Directorate General of Civil Aviation (DGCA).
Sources at the Directorate General of Civil Aviation (DGCA) have revealed that partial lockout of the cash-strapped Kingfisher Airlines will be discussed during the meeting with the Airline management. DGCA has stressed that the safety of the passengers is non...
There seem to be no end to troubles of the Vijay Mallya-owned airline, saddled with loans, as Kingfisher Airlines Chennai engineering staff writes to Vijay Mallya saying that no aircraft will be released from Chennai unless consensus are reached.
Centrestage | After the employee strike Kingfisher Airlines faces another problem. Aviation Minister Ajit Singh says that safety is the number one issue that the strike by Kingfisher engineers has raised and that the airlines must address this situation immedi...
There are no engineers available to certify airworthiness of Kingfisher Airlines flights. The DGCA has said that since the engineers of Kingfisher Airlines are on strike, unless each flight is certified by them for airworthiness, flights cannot take off. KF c...
The Civil Aviation Minister Ajit Singh has served a warning to Kingfisher Airlines, saying that the government will not think twice before shutting down the airline if they fail to produce an air worthiness certificate. The Directorate General of Civil Aviatio...
After a flash strike by the pilots and the staff, at least 40 Kingfisher Airlines flights have been cancelled. As all flights from Mumbai have been cancelled, the passengers show their discontent towards the airlines as they claim to have never been notified r...
Kingfisher Airlines runs into trouble once again as its employees including pilots, flight engineers, and ground staff are going on a strike again. Employees will not report for duty, protesting against the non-payment of salaries since March.
After the pilots go on strike, forcing the Kingfisher Airlines to cancel seven more flights from Mumbai, the engineers also join the strike. The strike is against the non-payment of dues from the month of March. Those employees who have turned up to work on ti...
A large number of Kingfisher flights were cancelled as a section of the airline employees, including engineers and pilots, struck work to demand payment of salaries, pending since March. The employees had been promised numerous times that they would receive th...
Kingfisher Airlines runs into trouble once again as its employees including pilots, flight engineers, and ground staff are going on a strike again. Employees will not report for duty, protesting against the non-payment of salaries since March.
Market Hour speaks to Axis AMC's Chandresh Nigam and UBS Securities' Gautam Chhaocharia on equities and how to allocate funds, IOC's PL Goyal on the extent of losses in oil marketing companies and Standard Charterd's Thomas Costerg on the ECB. The show also co...
In this edition of the Market Hour: Sanjeev Prasad from Kotak Instl Equities on where to put your money; Vineet Nayyar from Tech Mahindra on buying Hutch's BPO; Anil Ambani on the Sasan project; the coal scam and its impact on power tariff; the impending petro...
Within the airlines space there is a big shift of market share post-issues with Kingfisher. The change in the fortunes for Indigo Airlines, which became a leading market gainer, has also caused this shift. Even though the volume of the passengers increasing, ...
The newly appointed Director General of Civil Aviation (DGCA) Prashant Sukul claims that there was no notification on Kingfisher Airlines and says that there was no proposal to send a notice to the cash-strapped Kingfisher Airlines. He further remarks that mos...
Newshour | The no-nonsense man of the Aviation Ministry, Bharat Bhushan sends a notice to Kingfisher for non-compliance. Did his honesty cost him his job? According to sources, former DGCA Bharat Bhushan issued a notice to the Kingfisher Airlines for failing t...
According to sources, former DGCA Bharat Bhushan made a file noting on the Kingfisher Airlines on July 9. The noting would have then been drafted into a notice to Kingfisher Airlines. The notice was issued to the Airlines for failing to complying with assuranc...
Shortly after the suspicious sacking of DGCA Bharat Bhushan despite an extension, Kingfisher Airlines issues a statement saying they are operating under stipulated saftey standards and have received no notice from the DGCA. Are KFA and other corporate lobbyist...
Bharat Bhushan, former Director General of Civil Aviation, sacked minutes after he signed a termination notice for Kingfisher Airlines' license, refused to comment on the issue. He had signed a letter that terminated Kingfisher's license for not complying with...