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

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.

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

Last Updated: Saturday, January 19, 2013, 23:24

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

Last Updated: Friday, January 18, 2013, 22:14

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

Last Updated: Friday, January 18, 2013, 09:21

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

Last Updated: Thursday, January 17, 2013, 18:51

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.

Service Tax Dept notices Kingfisher, `impounds' all aircraft

Last Updated: Thursday, January 10, 2013, 23:52

In more trouble for beleaguered Kingfisher Airlines, Service Tax Department has issued a notice to the carrier, "impounding" all its aircraft, department sources said here tonight.

DGCA seeks more details from Kingfisher on its finances

Last Updated: Friday, December 28, 2012, 20:29

The Directorate General of Civil Aviation (DGCA) has sought more details from the beleaguered carrier as to how it would garner funds for payment of dues to its lenders and vendors, apart from paying the pending salaries of its employees, they said.

Kingfisher loses six more planes, says in talks with investors

Last Updated: Tuesday, December 11, 2012, 19:00

The Vijay Mallya-owned carrier came out with a clarification on a possible stake sale following media reports that it is all set to sign a deal with Etihad to sell 48 percent stake for Rs 3,000 crore.

Kingfisher lessor takes back 4 planes; tax dept confiscates 1

Last Updated: Tuesday, December 11, 2012, 09:54

The beleaguered airline owes around Rs 190 crore to the Service Tax Department, of which Rs 127 crore are under litigation.

Kingfisher management convenes meeting on Wednesday

Last Updated: Tuesday, October 16, 2012, 18:24

The meeting, scheduled in Mumbai, is likely to be attended by top officials of the parent company, UB Group, apart from the airline top-brass.

Stop bookings, DGCA tells Kingfisher

Last Updated: Tuesday, October 09, 2012, 18:22

"We have sent a notice to the airline to stop bookings," a top official of the Directorate General of Civil Aviation (DGCA) said here.

Banks to release funds to KFA on 'humanitarian grounds': SBI

Last Updated: Friday, October 05, 2012, 19:58

State Bank of India Friday said Kingfisher lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid fpr the past seven months.