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Auditors red-flag Kingfisher's revival plans

Last Updated: Thursday, August 15, 2013, 16:59

Grounded carrier Kingfisher Airlines' decision to consider it a 'going concern' entity, despite having accumulated huge losses and defaulted on loans, has come for a sharp criticism by its own auditors, given a lack of clarity about its revival plans.

Kingfisher's Q1 net loss widens to Rs 1,156.91 cr

Last Updated: Wednesday, August 14, 2013, 18:17

The company had reported a net loss of Rs 650.78 crore in the same period a year-ago, Kingfisher Airlines said in a filing to the BSE.

Kingfisher’s Mumbai HQ taken over by lenders

Last Updated: Sunday, August 11, 2013, 20:10

Kingfisher Airlines’ headquarters in Mumbai has been taken over by its lenders after the beleaguered airline company failed to pay up its bank dues.

Vijay Mallya may face prosecution over service tax arrears

Last Updated: Thursday, August 08, 2013, 21:16

The indirect tax department Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case.

BSE, NSE to shift Kingfisher, UB Holdings to restricted group

Last Updated: Monday, July 15, 2013, 21:08

Leading bourses BSE and NSE Monday decided to shift securities of several firms, including Vijay Mallya-led Kingfisher Airlines and United Breweries (Holdings), to the restricted trading category from July 19.

Grounded Kingfisher's shareholder base zooms to record high

Last Updated: Sunday, July 07, 2013, 13:39

In a logic-defying trend, the number of shareholders at Kingfisher Airlines has zoomed to a record high level of about 2.4 lakh investors even as the carrier has remained grounded for over nine months and its market value has plummeted by over 90 percent.

KFA employees call off strike; no word on salaries from mgmt

Last Updated: Friday, June 07, 2013, 21:15

The agitation was called off after the second round of meeting between the employees and airline CEO Sanjay Agarwal, sources said.

Don’t have money to pay salary dues of KFA staff: Mallya

Last Updated: Friday, June 07, 2013, 19:06

The employees of the grounded airline have been on a hunger-strike since Thursday at the Kingfisher House here seeking salaries which have not been paid since last August.

Kingfisher employees launch hunger strike

Last Updated: Thursday, June 06, 2013, 22:56

A section of the employees of the grounded Kingfisher Airlines Thursday sat on a hunger strike at the Kingfisher House here, demanding immediate payment of salaries, which have been pending since last August.

Kingfisher not part of 'oneworld' alliance: Horton

Last Updated: Monday, June 03, 2013, 14:31

The IATA suspended Kingfisher from its Geneva-based clearing house (ICH) due to non-payment of dues to airline members.

Three senior Kingfisher executives quit

Last Updated: Sunday, June 02, 2013, 18:21

"The airlines' chief information officer Saurav Sinha, flight operations head Capt Ronald Nagar and cabin crew head Ajit Bhagchandani have put in their papers recently," Kingfisher Airlines sources said.

Vijay Mallya, UB Holdings lose Rs 225-cr Kingfisher commission

Last Updated: Sunday, June 02, 2013, 15:32

These commissions pertain to the aggregate payments for a period from January 1, 2011 to March 31, 2013 and include an amount of little over Rs 100 crore for the last fiscal 2012-13, the grounded airline has said.