The treaty can be invoked in a criminal probe case seeking the transfer of persons, including persons in custody, for the purpose of assisting in investigations or giving evidence
The DGCA had earlier issued a show cause notice to Kingfisher in February for the suspension of its licence.
Crisis-ridden Kingfisher Airlines would come up with a recovery road map in three days, chairman Vijay Mallya promised on Thursday.
The 2005-operational airline that plied over 400 flights in November, cut it down to 180 flights a day by last month.
Banks stuck with miles purchased from Kingfisher Airlines, halt fresh buys
In a sudden development, DGCA chief E K Bharat Bhushan was on Tuesday removed as head of the aviation regulator with immediate effect, six days after his tenure was extended till this year end.
Bank chiefs have been quoted as saying that Kingfisher would need to arrange fresh equity of Rs 1,000-2,000 crore (Rs 10-20 billion) before seeking additional funds from the consortium of banks, led by the State Bank of India.
After excluding the shares they have pledged, the promoters hold a meagre 3.55 per cent in the crisis-ridden airline.
Move to allow the FDI in domestic airlines is expected to benefit Kingfisher Airlines.
Rating agencies on Wednesday warned against more exposure to debt-ridden Kingfisher Airlines, saying more debt may hit banks' credit profiles and add to the burden of provisions.
"Absolutely not," RBI told reporters when asked to comment on reports suggesting that SBI has agreed to pump more money into the airline. RBI does not oppose "professional decision" of the bank.
As over 40 flights were cancelled across the country on Tuesday, the airline informed DGCA that it had 28 functional aircraft, out of 64 planes in November last.
It says the move will help generate additional revenue.
This reduction is likely to increase the average load factor, currently around 75 per cent, and the yields thereby.
About 200 engineers reported sick in April protesting delay in salaries.
For providing the additional level of collateral for its funding needs, the company paid a little over Rs 50 crore (Rs 500 million) to Mallya as 'guarantee and security commission' during the year ended March 31, 2011, Kingfisher has told its shareholders.
Vijay Mallya-led loss-making air carrier Kingfisher Airlines will need to infuse more funds if its wants to stay afloat, its auditors said.
Several passengers have been complaining on social media as domestic airlines have decided not to give refunds in cash for cancelled flights due to the lockdown and instead issue credit for future travel.
The Centre for Asia-Pacific Aviation also expects India's airlines to post a combined loss of a whopping $1.4 billion, with Air India likely to be the 'worst performer' to report a loss of almost the entire amount of $1.3 billion.
Plans to remove onboard bar to create space.
Getting his bruised Kingfisher Airlines ready for that auspicious occasion is the least of his worries, as Mallya is scrambling to find an equity partner to keep his Kingfisher aloft.
The company's exposure relating to Kingfisher Airlines is under various accounts including corporate guarantees to banks.
Kingfisher Airlines, which is reeling under more than Rs 7,000 crore (Rs 70 billion) of debt, owes dues of about Rs 280 crore (Rs 2.8 billion) to the Airports Authority of India.
Barely a fortnight after the freeze on its bank accounts was lifted, the airline filed an appeal against the department in the Income Tax Appellate Tribunal at Bangalore, disputing the Rs 370-crore (Rs 3.7 billion) tax demand levied on it for 2010-13.
Even before the holiday season has begun, all airlines have jacked up their fares on many busy air routes by 10-25 per cent over the past few days.
The government's stated position is that it cannot tailor a bailout package for Kingfisher Airlines alone.
Kingfisher Airlines, struggling to stay afloat, may spin off its ATR fleet and loyalty programme (frequent flier programme) into separate units.
The summons was issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case.
Their success formula was to enter the business at the right time and exit at the opportune moment.
Talks initiated with Indian investors, private equity players.
Thackeray welcomed Bajaj Auto chairman Rahul Bajaj's comments against the proposed bailout of debt-ridden Kingfisher by the government.
On whether the bank will consider making fresh advances to Kingfisher, SBI managing director Hemant Contractor said, "We have to be satisfied about the viability of the company.
Come with full data, put in more equity, get other creditors on board and begin homework for RBI okay: SBI chief.
Mallya in a tweet distanced himself from an interview that quoted him saying that time was not 'right' to return to the country
The 14th Additional Chief Metropolitan Magistrate court issued the NBWs on March 10 against the now-defunct Kingfisher Airline
The employees have alleged that Mallya, who has been giving them false promises, has been able go away scot free by eliciting "political favours".
Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.
Total income plummeted eight times to Rs 200 crore (Rs 2 billion) from Rs 1,552 crore (Rs 15.52 billion).
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