kingfisher-debt - Latest News on kingfisher-debt | Read Breaking News on Zee News

Kingfisher extends lockout, faces licence cancellation

Last Updated: Friday, October 05, 2012, 18:52

Debt-ridden Kingfisher Airlines hurtled towards a dead-end Friday as the carrier grounded its fleet for another week and the aviation regulator sought legal opinion on cancelling its flying licence.

DGCA issues show cause notice to Kingfisher

Last Updated: Friday, October 05, 2012, 17:39

In more trouble for Kingfisher Airlines, aviation regulator DGCA Friday issued a show-cause notice asking why its flying license should not be suspended or cancelled as it had grounded its entire fleet and failed to offer safe and reliable service.

Kingfisher employees take out candle light march in Mumbai

Last Updated: Thursday, October 04, 2012, 22:41

About 100 Kingfisher employees, including engineers and pilots, today took out a candle light march from domestic airport to Kingfisher house here to protest against the death of a technician's wife, who allegedly committed suicide due to financial stress in Delhi.

Banks hold emergency meet to discuss way forward for KFA

Last Updated: Thursday, October 04, 2012, 18:20

Alarmed by never ending crisis in Kingfisher, its lenders are holding an emergency meeting here to discuss the future of their exposure to nearly-bankrupt carrier.

Kingfisher lenders hope airline mgmt won't let go belly up

Last Updated: Wednesday, October 03, 2012, 21:28

The banker said: "None of us wants the airline to go bust. If that happens, banks will be a bigger casualty than the airline."

DGCA gives report on Kingfisher to Civil Aviation ministry

Last Updated: Wednesday, October 03, 2012, 21:25

The regulator is also believed to have said that non- payment of salaries was a matter of serious concern, not only for the employees, but also affected safety as those seriously affected were manning flight operations.

Kingfisher auditors suggest stronger internal audit system

Last Updated: Sunday, September 09, 2012, 16:16

Kingfisher's net loss more than doubled to Rs 2,328 crore in 2011-12, from Rs 1,027 crore in the previous year.

Lenders seek "inside" details of debt-ridden Kingfisher

Last Updated: Wednesday, September 05, 2012, 09:11

Banks on Wednesday sought "inside" details of debt-ridden Kingfisher and asked its Chairman Vijay Mallya to make a presentation of the revival plan at the next meeting of SBI-led lenders' consortium.

Goa villa is not on the block, says Kingsfisher

Last Updated: Friday, July 06, 2012, 23:51

A day after lenders asked HDFC Securities to value two Kingfisher properties, the cash- starved airline on Friday said the Goan property is not up for sale.

Lenders looking at selling Kingfisher's Mumbai, Goa properties

Last Updated: Thursday, July 05, 2012, 17:58

Lenders to debt-ridden Kingfisher Airlines on Thursday hinted at selling the carrier's two properties in Mumbai and Goa worth Rs 120 crore to recover a part of the loan worth over Rs 7,500 crore.

Kingfisher Airlines owes Rs 269 crore income tax: Govt

Last Updated: Friday, May 18, 2012, 14:16

Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha on Friday.

Kingfisher yet to clear Rs 280 cr dues of AAI

Last Updated: Thursday, May 03, 2012, 15:53

"Kingfisher owes dues of Rs 272.52 crore towards landing and parking, RNFC, Licence Fee, etc, to Airport Authority of India (AAI)," Civil Aviation Minister Ajit Singh said in a written reply in the Rajya Sabha.