Even low cost carriers IndiGo, Paramount Airways are now in talks to join the Jet Airways-Kingfisher Airlines alliance to cut costs. After Kingfisher took over Air Deccan, fares have gone up steadily. Other low cost carriers have also hiked fares.
The airline's pilots and engineers at Delhi, Bangalore and Chennai have rejected the three-month salary offer.
The company said it will appoint a new Chairman at the next Board meeting.
The assets of Kingfisher Airlines' vendors are stuck in the country that can be moved only after spending huge sums of money.
A Hyderabd court issued a non-bailable warrant against Kingfisher as well as Mallya on Friday in a cheque bounce case, said a Times Now report.
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.
The Goa villa, Mumbai office could be put on the block.
Poddar-Mallya agreement on running MCF likely to be re-worked.
Low-cost carriers (LCCs) like Air Asia and Ryan Air are among the best because they are frugal, have flexibility in operations and certain standardisation of aircraft and operations.
Says the airline should present satisfactory operating plan to DGCA and work on its rescue plans
Goa's second airport began operations last week and if all goes according to plans, the state will be the base for a new regional airline, Fly91. Promoted by the ex-executive vice-president of now grounded Kingfisher Airlines, Manoj Chacko, and Fairfax India's former head, Harsha Raghavan, the airline will offer no-frills buy on board product and serve unconnected routes with two ATR 72 aircraft. An application for the initial no-objection clearance was filed with the civil aviation ministry last week.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
The airlines had pledged the trademarks as collateral with banks at the time of taking loans from them
The employees in Delhi on Monday spearheaded an indefinite hunger strike and called on colleagues nationwide to join in the protests with their families at Jantar Mantar.
The DGCA will concentrate only on technical and safety aspects.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
Janata Dal-United president Sharad Yadav has demanded that a case under 302 of Indian Penal Code (punishment for murder) should be filed against Vijay Mallya in connection with the suicide case of the wife of a Kingfisher Airlines employee.
In reply to a question in Rajya Sabha as to whether Air India was eyeing Rs 300 crore (Rs 3 billion) saving via direct fuel import, the Minister said, "AI has not yet decided about import of Air Turbine Fuel directly.
It was not a smooth sailing for the Indian aviation industry in 2012 as it saw the grounding of Kingfisher Airlines and financial trouble hitting Air India and other carriers besides a prestigious $500 million airport upgrade contract bagged by a leading Indian infra firm being terminated by the Maldives government.
Indian airlines are running into losses.
With airfares mounting in the last couple of weeks primarily due to cancellation of Kingfisher flights, aviation regulator DGCA on Thursday warned airlines not to raise air ticket prices beyond a given range.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
A court warrant in India against billionaire Vijay Mallya over his airline business has no repercussions for his Force India Formula One team, deputy principal Bob Fernley said on Sunday.
The Kingfisher Flying Models offers a chance to fly as well as launch your modelling career.
The airline has not been paying salary to its employees since May last year, while it had started delaying salaries much before the crisis broke out last October.
An official request has been made to the CBI to get a notice issued through its Interpol wing
Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.
Beleaguered Kingfisher Airlines on Wednesday faced fresh trouble with its employees deciding to move court seeking a formal closure of the company if it did not spell out future plans giving a time-line for clearing their salary dues of eight months.
Two of the largest airlines, Jet Airways and Air India, have decided to stop absorbing the surcharge on payments by agents made through credit cards.
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
The next phase is when factors such as prison conditions in India are likely to take centre-stage.
Russian defence aerospace major Sukhoi is close to bagging its first civilian Indian client with its regional 60- to 90-seater jet Sukhoi Superjet 100.
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.
Pilots have been protesting since Thursday against non-payment of their due salary.
Second deal in 4 months after tie-up with RIL for cargo airlines.
Confirming the sale, senior executives of public-sector banks said there was no court directive yet to stop selling shares.
Shares of State Bank of India plunged sharply by over 8 per cent on Wednesday, on concerns about its exposure to Kingfisher Airlines and reports about public sector lender giving fresh loans to the debt-ridden carrier.
Says market share will further increase after induction of Boeing 787 Dreamliners and flights to new destinations.
