KFA crisis

Kingfisher Airlines caused Rs 290 crore loss to AAI, says CAG

Kingfisher Airlines caused Rs 290 crore loss to AAI, says CAG

Bogged down by mounting debt and operational issues, the Vijay Mallya-owned KFA was grounded in 2012 after aviation regulator DGCA cancelled its licence.

Jul 30, 2015, 21:20 PM IST

Grounded Kingfisher Airlines to pay Rs 12.9 lakh to ex-pilot

A Delhi court has directed the grounded Kingfisher Airlines to pay the outstanding salary of three months amounting to Rs 12.91 lakh to one of its ex-pilots who had moved court over non-payment of dues.

Dec 23, 2014, 16:04 PM IST

Process of recovery of dues from Kingfisher on: SBI chief

Asked how much the bank has recovered from the sale of Kingfisher Airlines' shares, she said, "Nothing very much. I think the recovery is in the range of Rs 350 to Rs 400 crore."

Apr 26, 2014, 18:48 PM IST

Kingfisher says to appeal winding-up plea by creditor

Kingfisher, which has not flown in more than a year for want of cash, said it would appeal against the Karnataka High Court`s order admitting the petition by Aerotron Ltd. Kingfisher said Aerotron was an unsecured creditor.

Feb 03, 2014, 11:17 AM IST

Kingfisher employees to go on hunger strike from Jan 6

They also sought disqualification of corporate leaders from the membership of Parliament on charges of such default.

Jan 02, 2014, 19:03 PM IST

Will go full throttle to recover dues from KFA: SBI Chief

State Bank of India is the leader of consortium of lenders to grounded airline Kingfisher.

Apr 16, 2013, 22:09 PM IST

We're yet to hear from Kingfisher: SBI chief

"Kingfisher as a company has not given us any information or visibility on capital infusion," SBI chairman Pratip Chaudhuri told reporters on the sidelines of the annual two-day banking summit `Bancon 2012' here.

Nov 24, 2012, 18:24 PM IST

Action plan after Nov 17 if salary not paid: KFA employees

"We will wait till Saturday for the payment of May salary. If the airline does not pay by November 17, we will chalk out our further action plan," they said.

Nov 14, 2012, 18:06 PM IST

SBI wants ailing Kingfisher to pump $1 bn by month-end

"...We do not put a gun on their head but the more comes in the better because airlines are a very capital intensive business. I think about USD one billion would be a good starting point," SBI Chairman Pratip Chaudhuri told reporters on the sidelines of World World Economic Forum on India summit here.

Nov 07, 2012, 20:27 PM IST

Kingfisher stocks down 5%; falls for fourth straight day

Falling for the fourth straight day, shares of Kingfisher Airlines were down about 5 percent as hopes of the ailing company resuming operations faded on Thursday with management failing to persuade striking engineers and pilots to return to work.

Oct 04, 2012, 12:27 PM IST

Kingfisher Airlines faces operational shutdown: CAPA

According to the advisory company, a restructuring of the airline will require banks to take a significant hit as they have huge exposure to bad debt given to the carrier.

Aug 24, 2012, 18:48 PM IST

Regulator has yet to submit report on Kingfisher Airlines: Aviation Minister

India's aviation minister, Ajit Singh, said Wednesday the sector regulator has yet to submit its report on dealing with cash-strapped Kingfisher Airlines Ltd.

Mar 21, 2012, 13:58 PM IST