close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Kingfisher bailout

Bailout for Kingfisher after Air India decision: Assocham

The suggestion comes within days of reports that LIC and the Employee Provident Fund Organisation (EPFO) snapped up the entire Rs 7,400-crore bond issue of the debt-ridden Air India.

Nov 26, 2012, 18:51 PM IST

No bailout for Kingfisher Airlines: Aviation Minister

Aviation Minister said the government will not help any private airlines with monetary help.

May 09, 2012, 18:44 PM IST

Refunds for cancelled KFA flights awaited, say Israeli tourists

Some Israeli tourists, who had made reservations on Kingfisher Airlines, have said that they have not received refunds for flights cancelled by the Indian carrier.

Apr 01, 2012, 18:53 PM IST

Govt will not bail out Kingfisher Airline: Ajit Singh

Civil Aviation Minister Ajit Singh Wednesday said the government will not bail out struggling air carrier Kingfisher Airlines, and it was the responsibility of promoter Vijay Mallya to steer it out of the crisis.

Mar 14, 2012, 19:59 PM IST

No plans of shutting down: Kingfisher Airlines

Trying to scotch speculation of a shut down, cash-strapped Kingfisher today said it was in talks with tax authorities to get the accounts of the airlines un-frozen and asked its pilots, skipping flying duties, to fall in line.

Mar 04, 2012, 17:53 PM IST

SBI chief remains non-committal on Kingfisher

Pratip Chaudhuri, Chairman of SBI which heads the consortium of banks that provided loans to Kingfisher, on Saturday remained non-committal on the next plans for the beleaguered airline.

Feb 25, 2012, 21:10 PM IST

Kingfisher submits fresh schedule to DGCA

Kingfisher Airlines, which is now operating much lesser number of flights than in November, would not operate direct flights to some major cities and several Tier-II cities now on, as per the truncated schedule it has submitted to the aviation regulator.

Feb 25, 2012, 18:54 PM IST

Difficult to lend more to NPA Kingfisher Airlines: SBI

The private carrier is in a financial mess and struggling to service its loans, which have run up to over Rs 6,000 crore.

Jan 17, 2012, 20:02 PM IST

No bailout package under consideration for pvt airlines: Govt

Government Thursday said no proposal for any kind of bailout package for loss making private airlines was under its consideration.

Dec 01, 2011, 18:06 PM IST

No bailout for Kingfisher Airlines: Minister

Civil Aviation Minister Valayar Ravi ruled out a public bailout for Kingfisher Airlines or any other airline, urging private airlines in India to put their own house in order.

Nov 17, 2011, 18:10 PM IST

AIBEA opposes bailout of Kingfisher

The All India Bank Employees' Association has opposed the bailout of Kingfisher Airlines stating that if banks proceed with the bailout, it would launch protest across the country.

Nov 15, 2011, 22:06 PM IST

Kingfisher Airlines has not sought any fresh money: SBI

State Bank of India, which has an exposure of Rs 1,400 crore to debt-ridden carrier Kingfisher, on Tuesday said the airline is not a defaulter and it has not sought any fresh credit.

Nov 15, 2011, 17:43 PM IST

Inter-ministerial consultation 'very soon' on FDI in aviation

With cash-strapped Kingfisher Airlines demanding that foreign carriers be allowed to pick up stake in Indian airlines, the Industry Ministry Monday said it would "very soon" start inter-ministerial consultations on the issue.

Nov 15, 2011, 00:35 AM IST

Kingfisher Airlines' board meet inconclusive; to meet again Tuesday

The board meeting was expected to come out with a framework on cash infusion into the airline, as well as cutting some of the Rs.7,000 crore debt.

Nov 14, 2011, 21:31 PM IST

Govt bailout for Kingfisher defies logic: Spicejet

Amid the debate over bailout for private carrier Kingfisher Airlines, SpiceJet chief Neil Mills on Monday said the government should not use taxpayers' money to revive a private sector company.

Nov 14, 2011, 18:57 PM IST

Bankers ask Kingfisher to infuse Rs 800 cr fresh equity

A crucial board meeting of Kingfisher airlines Monday night finalised the financial results of the cash-strapped carrier which has been asked by its lenders to infuse Rs 800 crore worth of fresh equity.

Nov 14, 2011, 10:32 AM IST

Crisis in Kingfisher will not impact our balance sheet: SBI

The country's largest public sector lender State Bank of India has said the prevailing crisis in Kingfisher Airlines would not have any impact on its balance sheet due to small exposure to the beleaguered company.

Nov 13, 2011, 18:50 PM IST

No bailout package pending before govt: Ravi

Union Civil Aviation Minister Vayalar Ravi said that no bailout package is pending before the government nor has been proposed by his ministry for the Kingfisher Airlines.

Nov 13, 2011, 09:29 AM IST