Kingfisher Airlines is launching its flight operations in Jammu from November 25 while GoAir has announced doubling its flight operations, also by the end of this month. Initially, it will operate seven flights a week. The company has appointed staff and raised infrastructure for the operation of its offices in Jammu. Kingfisher has been operating in Srinagar for more than a year.
Kingfisher Airlines is conducting walk-in interviews for Flying Model positions on July 6 and July 7.
Vijay Mallya-promoted Kingfisher Airlines, which recently got approval to fly on nine international routes, today said it will start direct daily flights from Mumbai to London from January 5, 2009.
Cash-strapped Kingfisher Airlines owed over Rs 5,600 crore (Rs 56 billion) to public sector banks as on February this year.
The Supreme Court on Tuesday deferred hearing on Vijay Mallya-owned Kingfisher Airlines' plea challenging Karnataka High Court's order to deposit around Rs 185 crores with the Income Tax Department as tax deducted at source (TDS) from its employees' wages.
India's private carrier Kingfisher Airlines, which placed orders for 30 Airbus A320 aircraft worth $1.9 billion at the ongoing Dubai Air Show, has said the carrier would go public to finance the deal.
Upon receiving suspension order from the Directorate General of Civil Aviation on Saturday, Aggarwal wrote to employees seeking their backing.
ILFC urges India to release six jets held 'hostage' after Kingfisher failed to pay for them.
IDBI Trusteeship Services, in its capacity as the lenders' trustee to Kingfisher Airlines, has invoked a little over 4.93 mn shares worth Rs 1,300 crore.
United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office in Kolkata on July 9.
The airline was considering selling two properties worth Rs 120 crore for partial loan repayment.
Regulator said that no permit will be given until it submits a revival plan.
Civil Aviation Minister Ajit Singh also expressed doubts whether the carrier, facing a partial lockout, will be able to fly from Friday.
About 200 passengers arrive in the city through these flights and the number is expected to increase after the introduction of Kingfisher's flight, further boosting the tourism, sources added.
UB Group-controlled carrier to convert short-haul domestic routes with less demand for business class to all-economy configuration.
Private carrier Kingfisher Airlines hopes to fly to international destinations by mid 2007, once it receives delivery of Airbus A-330 wide-bodied aircraft.
Though private airports did not spell out the exact sum owed by Kingfisher, in strict confidentiality one of the private airport operators confirmed that the airline was the biggest defaulter with them. Airport charges include landing, parking, terminal and route navigation levy. Though AAI has enforceable bank guarantees, private airport operators do not have this facility.
Kingfisher Airlines needs to invest at least Rs 2,000 crore to restart its operations, said one of its lender SBI's Chairman Pratip Chaudhuri.
The parent company, UB Group, is willing to pump in money.
: Kingfisher Airlines has launched a new service between Guwahati and Imphal.
Banks have already sold the pledged shares of Mangalore Chemicals and Fertilisers, realising around Rs 100 crore. Mallya and group companies have pledged over 97 per cent of the USL shares with various banks and others, which according to current market prices is worth over Rs 6,500 crore (Rs 65 billion).
Three Indian brands -- ICICI, Kingfisher and Taj -- have emerged as the most admired consumer brands across Asia-Pacific alongside global majors like LG, Sony, Cadbury, HP and Nokia in their respective segments.
Vijay Mallya-owned Kingfisher Airlines on Wednesday approached the Supreme Court challenging the Karnataka High Court's order directing it to deposit around Rs 185 crore (Rs 1.85 billion) with the Income Tax Department as tax deducted at source (TDS) from its employees' wages.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
"Earlier, we were being paid a salary of Rs 4.30 lakh per month. Now it has been cut to Rs 3.50 lakh, all in the name of integration (with the erstwhile Deccan)," said a Kingfisher pilot said on condition of anonymity. Kingfisher's management, while slashing the salaries, has taken the defence that it was only implementing the Deccan-Kingfisher package structure in Kingfisher post-the merger,' the pilot said.
Kingfisher has faced lawsuits from GMR and GVK-group run airports and also faced cases of cheque bouncing.
Grounded Kingfisher Airlines has written to UCO Bank wanting to know the basis of attaching the 'wilful defaulter' tag on the carrier.
Low-cost carrier Air Deccan and liquor baron Vijay Mallya-promoted Kingfisher Airlines have agreed not to "poach on one another's territory and instead help each other."
Move follows income tax department's decision to lift freeze on some bank accounts
The Reserve Bank of India (RBI) has asked banks not to treat Kingfisher Airlines' brand as collateral since it is intangible. This is because the loan has turned non-performing for most of the banks.
Kingfisher's flying licence or the Scheduled Operator's Permit was suspended in October and later lapsed in December after the airline was grounded following a strike by its employees, including pilots, over non-payment of dues.
A Kingfisher pilot, who had allegedly flew a woman in cockpit in violation of safety rules from Delhi to Mumbai on Sunday last, has been taken off the duty pending a probe by the airline.
The UB Group-controlled Kingfisher Airlines may cancel its orders for Airbus A380s and A350s or swap these planes for smaller planes like A320s and A330s.
Liquor baron Vijay Mallya's Kingfisher Airlines, which plans to launch its operations from May 9, plans to float a public issue in the next 18 months to two years, a top company official said on Friday.
"On-time performance is no longer a luxury, it is a necessity. On-time service, too, is said to have helped IndiGo become the second-biggest airline. People fly to be on time and for point-to-point travel. IndiGo seems to have got its fundamentals right," says Amber Dubey, director (aerospace & defence) at global consultancy firm KPMG.
Private carriers Jet Airways and Kingfisher owed over Rs 1,050 crore (Rs 10.50 billion) to the public sector oil marketing companies (OMCs) like Indian Oil, HPCL and BPCL towards the payment of jet-fuel bills as on November 15.
The airlines claimed that most of the employees have agreed to resume work from Friday.
The offer was made to the employees representatives, who have been demanding payment of pending salary dues of at least four out of seven months before they resume work, held a meeting with management representatives at the Kingfisher House in Mumbai.
"Fresh viability is there for everyone to see. If they [Kingfisher] get more equity, the company is viable," SBI Chairman Pratip Chaudhuri said.
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