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Woodpecker Airlines that brew intoxicants: CEA takes dig at Vijay Mallya

Woodpecker Airlines that brew intoxicants: CEA takes dig at Vijay Mallya

In an apparent dig at Kingfisher crisis, Chief Economic Adviser Arvind Subramanian Tuesday said this was a crisis where owners of some 'Woodpecker Airlines' also made intoxicants at 'Eagle Breweries', but did not pay for the mistakes they committed.

Govt rejects Kingfisher Airlines' plea to re-appoint Vijay Mallya as MD

Kingfisher Airlines, which was launched in 2005, has been grounded since October 2012 with Vijay Mallya removed from the post of Managing Director.

IDBI Bank hopeful of recovering 80% of Kingfisher dues

Public sector lender IDBI Bank is hopeful of recovering up to 80 percent of its Rs 800 crore exposure to Kingfisher, even as the revival of the grounded airline remains uncertain.

Kingfisher Airlines in talks with an investor: Vijay Mallya

Kingfisher Airlines has remained grounded for almost a year now under the burden of huge debts totalling over Rs 7,000 crore and accumulated losses of more than Rs 16,000 crore.

Vijay Mallya blames 'policy paralysis' for slowdown

He has also said that the overall mood of the Indian consumer remains subdued, while rupee depreciation, coupled with crippling inflation, is taking its toll on an already sluggish economy and a weak consumer market.

Three senior Kingfisher executives quit

"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.

Kingfisher employees demand Mallya's prosecution; to disrupt IPL

Frustrated over not getting salary for last 10 months, Kingfisher Airlines employees on Wednesday asked the government to prosecute promoter Vijay Mallya and threatened to disrupt IPL matches.

Kingfisher Airlines employees to decide future action

The Vijay Mallya-owned cash-strapped airline is grounded since October last year following unrest by employees over non-payment of salaries and subsequent disruption in its flight schedules.

SBI taking all steps to recover money from Kingfisher

The lead banker to Kingfisher Airlines, SBI Monday said it is taking all steps to recover the loan provided to the grounded carrier.

Kingfisher Airlines loses domestic and international flying slots

Flying or airport slots are rights allocated to a scheduled airline by an airport operator or government agency, granting the slot owner the right to schedule a landing or departure during a specific time period.

Banks to recover Rs 1,000 crore from KFA in current quarter: SBI

Kingfisher lenders hope to recover up to Rs 1,000 crore of their dues by monetising the securities in the March quarter itself, a senior official of SBI said on Thursday.

Kingfisher down 5% in early trade

Shares of Kingfisher Airlines Tuesday plunged 5 percent in early trade on bourses after banks decided to start the process of recovering Rs 7,500 crore outstanding loans from the grounded airline.

Won't go by Kingfisher's "empty promises": AAI

Kingfisher, which has over Rs 15,000 crore in the form of debt, accumulated losses and various dues, has remained grounded since October 1 and its flying licence expired on December 31.

Govt tells Kingfisher to clear all dues to get flying permit

The government on Tuesday made it clear that grounded Kingfisher Airlines would not be allowed to fly till it cleared all its dues, including pending salaries of its staffers.

Kingfisher pilots too threaten winding-up petition

The pilots gave the ultimatum at a meeting with top management representatives including chief executive Sanjay Agarwal.

Kingfisher should infuse Rs 2,000 cr for revival: Chaudhuri

Kingfisher Airlines, promoted by Vijay Mallya, owes Rs 7,500 crore to a consortium of 17 banks led by SBI.

KFA, lenders meet inconclusive; banks want fresh fund infusion

The lenders group, led by State Bank, has PNB, BoB, Bank of India and IDBI Bank as other members. Kingfisher owes over Rs 7,500 crore and one-year's accrued interest to 17 banks.

Kingfisher management to meet lenders today

The meeting between bankers and management of ailing Kingfisher Airlines on Friday is being considered crucial as it will determine the future course of action by lenders.

Kingfisher management to meet lenders on Friday

The meeting between bankers and management of ailing Kingfisher Airlines tomorrow is being considered crucial as it will determine the future course of action by lenders.

Kingfisher moves SC on payment of TDS to IT department

A bench headed by Chief Justice Altamas Kabir agreed to hear the case on Monday as senior advocate Mukul Rohatgi mentioned the matter before it.