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IDBI Bank hopeful of recovering 80% of Kingfisher dues

Last Updated: Wednesday, October 02, 2013, 19:27

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

Last Updated: Tuesday, September 24, 2013, 15:10

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

Last Updated: Sunday, September 08, 2013, 12:36

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

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.

Kingfisher employees demand Mallya's prosecution; to disrupt IPL

Last Updated: Wednesday, March 20, 2013, 17:55

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

Last Updated: Wednesday, March 20, 2013, 12:24

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

Last Updated: Monday, March 18, 2013, 18:03

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

Last Updated: Monday, February 25, 2013, 19:16

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

Last Updated: Thursday, February 14, 2013, 19:55

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

Last Updated: Wednesday, February 13, 2013, 12:17

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.

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

Last Updated: Saturday, February 09, 2013, 19:26

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.

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

Last Updated: Monday, January 28, 2013, 17:28

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.