Kingfisher Airlines crisis

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

Cautious approach towards Indian carriers by leasing cos: CAPA

Major aircraft leasing companies and financers have started adopting a cautious approach towards Indian carriers, with some even threatening to pull out of India, it said.

Mar 31, 2013, 10:48 AM IST

SBI says KFA lenders to meet in 15 days; Mallya meets staff

This was Mallya's first meeting with his employees since the grounding of the carrier. So far, the employees' unrest and issues were being handled by CEO Sanjay Aggarwal.

Feb 09, 2013, 19:26 PM IST

Power supply at Kingfisher's head office snapped

The Qube, in suburban Andheri near the international airport is a commercial complex from where Kingfisher Airlines' operations are monitored.

Feb 05, 2013, 20:27 PM IST

Kingfisher shares down over 3% after Q3 results

Shares of Kingfisher Airlines Tuesday fell by over 3 percent after the company reported 70 percent drop in net loss for third quarter ended December 31, 2012.

Feb 05, 2013, 19:50 PM IST

Kingfisher Q3 net loss at Rs 755 crore

Kingfisher Airlines on Tuesday reported a net loss of Rs 755.17 crore for the third quarter ended December 31, 2012, a period when it did not operate a single flight.

Feb 05, 2013, 09:44 AM IST

Kingfisher flutters to fly again, DGCA unimpressed

Today's meeting comes days ahead of a crucial meeting of a consortium of bankers that have lent over Rs 7,500 crore to the now defunct airline.

Jan 16, 2013, 12:52 PM IST

Kingfisher Airlines gets no objection certificate from Oil companies

Since October 2012 the airline has not flown as it lost its operating licence which curtailed its flying.

Jan 16, 2013, 12:04 PM IST

Banks say no word from Kingfisher even as deadline ends

SBI chairman Pratip Chaudhuri had earlier this month asked the airline, a part of the UB Group, to bring in at least USD 1 billion (over Rs 5,400 crore) by November-end.

Nov 30, 2012, 19:24 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 will not fly if it doesn't get capital by Nov 30: SBI

The Directorate General of Civil Aviation (DGCA), however, recently suspended the flying licence of Kingfisher following the airline's failure to come up with a viable plan of financial and operational revival.

Nov 06, 2012, 17:50 PM IST

More trouble ahead for Kingfisher Airlines

The department's decision to move a Special Leave Petition comes in the backdrop of the Airports Authority of India (AAI) also asking it to vacate two hangars in Kolkata and Chennai airports to recover dues worth Rs 293 crore, official sources said.

Oct 29, 2012, 18:19 PM IST

Unmoved by Kingfisher Airlines crisis, Vijay Mallya to attend Indian GP

Sahara Force India team principal Vijay Mallya is expecting another spectacular Indian Grand Prix over the weekend, saying a double points finish at the Buddh International Circuit (BIC) will be a fitting result for the team's home race.

Oct 23, 2012, 17:48 PM IST

Kingfisher stops bookings, hopes to re-start operations soon

The airline said it had received an order of the Director General of Civil Aviation suspending its scheduled operator's permit.

Oct 20, 2012, 22:57 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