Here's the full text of the statement
Vijay Mallya has been burdened for the past three years with debt at United Spirits spiralling and Kingfisher Airlines, well, on a downward spiral.
A beleaguered Vijay Mallya may have walked free on bail within hours of his arrest but the event, which he nonchalantly dismissed as "usual Indian media hype", had rival parties claiming credit for it and engaging in recrimination.
Vijay Mallya-promoted Kingfisher Airlines plans to launch more flights on new routes in its summer schedule, beginning March besides introducing services connecting Tier-II cities in the western and southern regions.
The company said it will appoint a new Chairman at the next Board meeting.
Kingfisher Airlines on Monday announced the launch of its service between Mumbai and Mangalore.\n\n
Sources said a few other lenders were also contemplating a move to declare both Kingfisher Airlines and UBHL wilful defaulters.
The next phase is when factors such as prison conditions in India are likely to take centre-stage.
Liquor baron Vijay Mallya-promoted Kingfisher Airlines has become the first private airline in the country to get Category III certification from the Directorate General of Civil Aviation.
The university will house a fully equipped pilot training centre.
Government has been planning to relax the norm to three years through a revised aviation policy which is pending before a group of ministers.
Kingfisher Airlines is recruiting Trainee Co-Pilots, Guest Service Agents and Guest Relations Executive (female).
CJI Lalit concurred with the minority view of Justice S Ravindra Bhat who held the EWS quota as "unconstitutional" for excluding poor among SCs, STs and OBCs.
Liquor baron Vijay Mallya, who acquired 26 per cent stake in the country's largest budget carrier, Air Deccan, for Rs 550 crore (Rs 5.5 billion) on May 31, is still in high spirits.
Kingfisher was the first Indian airline to place orders for five A-380 in June 2005 with Airbus.
Although industry analysts are welcoming Kingfisher Airlines' stake acquisition in Air Deccan as the right move towards consolidation
Kingfisher Airlines launched on Friday daily services between Mumbai and Srinagar and Delhi and Srinagar.
This fully double-decker aircraft, which landed at 10.50 am, has a passenger capacity of 850 seats in all economy configurations, but in three classes it has the capacity to carry about 550 passengers.
In the 25-page defence evidence affidavit, which was served to the UK Crown Prosecution Service, Mallya is learnt to have alleged that his was a case of "political vendetta" and "loss-making business".
Kingfisher Airlines will carry within the country passengers of Delta Airlines of the United States
Needless to say, Kingfisher is planning to deploy all foreign cabin crew on its US flights.
The court noted that despite repeated orders, Mallya did not appear in the court and it was inevitable for the state machinery to intervene and ensure his presence.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
UB Group chairman Vijay Mallya and Airbus chief operating officer John Leahy signed an MoU to this effect at the 47th International Paris Air show on Wednesday.
Kingfisher Airlines is recruiting Cabin Crew (female).
Kingfisher Airlines Ltd has been directed by the Delhi High Court to pay Rs 52.61 lakh to a pilot.
Creditors are fighting to get back Rs 600 crore, KFA employees not paid for months.
According to sources, both the departments have already laid their claim on the proceeds from the sale of the property
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
Indian companies stole the show at the annual Pacific Area Writers Travel Association Awards at the ITB Berlin tourism fair in Berlin on Friday, with hospitality majors, ITC hotels, The Taj Group of Hotels and Kingfisher Airlines winning major honour
Kingfisher Airlines on Tuesday said it had entered into a tie-up with electronic global distribution services provider Galileo International for providing access to the latter's travel agent network.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances