The permit was suspended by DGCA on October 20.
With a view to strengthening its presence in tourist circuits, Kingfisher Airlines is all set to introduce direct non-stop flights from Goa to Agra next month, thus becoming the first domestic airline to serve these cities.
Simplifly Deccan, the low-cost carrier (LCC) brand formed after the merger of full service airline Kingfisher and the LCC Air Deccan, may soon cease to exist.
Among the country's three listed airlines also, Kingfisher chief executive officer Sanjay Agarwal's pay package was the second highest in the last fiscal ended March 31, 2012, as per the remuneration details provided in their annual reports.
Banks stuck with miles purchased from Kingfisher Airlines, halt fresh buys
DGCA chief Arun Mishra said he would talk to the cash-strapped airline's stakeholders to ascertain whether it would be able to operate in a sustainable manner.
Bankers concerned over Kingfisher losing licenceKingfisher lenders, including SBI, on Saturday expressed concerns over the airline losing its licence to fly, but said recovery of loans through sale of its assets is the last option."... we are concerned as we have no control on these developments.
Mumbai-London is the private carrier's second overseas flight after the one on Bangalore-London route that was launched in September. Kingfisher also plans to launch Mumbai-Hong Kong operations from January 12 and Mumbai-Singapore flight from January 16.
For the October-December quarter, Kingfisher reported a net loss of Rs 822.42 crore (Rs 8.22 billion).
The Deccan brand, once synonymous with lost cost flying in India, will cease to exist after its merger with the Vijay Mallya promoted Kingfisher Airlines, which will takeoff for international destinations by August. "Deccan will cease to exist because after the merger there will be only one company and that will be Kingfisher Airlines," UB Group chief and Kingfisher Airlines Chairman Vijay Mallya told reporters in Baramati.
Shares of Kingfisher Airlines fell for the seventh day in a row today plunging by nearly 5 per cent to hit the lower circuit limit on bourses.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
Shortage of commanders may be forcing Kingfisher Airlines asking its pilots to fly more but the airline says despite some cockpit crew leaving the organisation, it still has the "adequate number".
Engineers, pilots stay away from work. Minister warns of closure if safety in doubt.
Kingfisher House is one of the prime real estates of the airline.
Kingfisher has a total debt of about Rs 7,057 crore (Rs 70.57 billion) and accumulated losses of about Rs 6,000 crore (Rs 60 billion).
Kingfisher has hastened to point out that a suspension was not a cancellation.
Ailing Kingfisher Airlines will have to satisfy aviation regulator DGCA about safe flight operations and also make sure that its employees are not disgruntled before it resumes its services, Civil AviationMinister Ajit Singh said.
The airline, however, has not secured approval from airports to fly again.
Striking Kingfisher employees decided to resume work from Thursday after an agreement with the management over salary issue.
The grounded airline owes Rs 290 crore (Rs 2.9 billion) to AAI towards landing and parking fees.
Plans to remove onboard bar to create space.
Throughout its 155 minutes, every scene is doused in blaring background music and melodrama. Disappointment alone won't do, it must feel like a full blown catastrophe, observes Sukanya Verma.
Most of the Air Deccan aircraft that await repainting are small single-aisle ATR jets. When contacted, the Kingfisher Airlines spokesperson said re-painting of aircraft is typically done when the aircraft visits the maintenance, repair, overhaul workshop for scheduled maintenance checks.
Kingfisher Airlines on Thursday said it has signed a comprehensive frequent flier agreement with American Airlines.
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
In its revival plan submitted to aviation regulator Directorate General of Civil Aviation on Wednesday, the cash-strapped airline is understood to have said that it has requested the Airports Authority of India to allow them to fly on cash-and-carry basis, that is pay for the services as and when the airline avails of them.
The airline on Thursday night extended its partial lockout till October 12 as talks between its management and employees failed to break the deadlock over non-payment of salaries for the last seven months.
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 was the first Indian airline to place orders for five A-380 in June 2005 with Airbus.
After recast, Kingfisher Airlines total debt reportedly came down to Rs 7,057 crore (Rs 7,057 billion) which is still considered very high for a private domestic carrier.
Prospective bidders had earlier termed the reserve price as too high, while multiple legal woes of Mallya-led UB Group are also being cited by many as reasons for lack of interest in buying this property
The Villa, owned by United Breweries Holding, was mortgaged by KFA to SBI-led 17-bank consortium to obtain loans in 2010
Kingfisher Airlines is conducting walk-in interviews for Flying Model positions on July 6 and July 7.
Civil Aviation Minister Ajit Singh also expressed doubts whether the carrier, facing a partial lockout, will be able to fly from Friday.
Goa Airport spokesman said the A320 landed at 8.10 am after the pilot noticed the crack.
Kingfisher Airlines chairman Vijay Mallya on Tuesday said budget carrier Air Deccan has applied for permission to fly overseas from next year. "Air Deccan has sought government approval to fly overseas from next year. The company is looking for a licence to start flights to Middle East, South East Asia and the US," he said on the sidelines of the Fortune Global Forum in New Delhi.
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