Grounded carrier Kingfisher Airlines on Wednesday said promoters United Breweries Holdings and Kingfisher Finvest India have released about 5.64 crore pledged shares.
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.
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
The wife of an employee of crisis-ridden Kingfisher Airlines on Thursday allegedly committed suicide, apparently depressed over financial stress due to non-payment of salary to her husband. The wife of an employee of crisis-ridden Kingfisher Airlines on Thursday allegedly committed suicide, apparently depressed over financial stress due to non-payment of salary to her husband.
Marking an entry into the high-profile Formula 1 circuit, liquor baron Vijay Mallya-promoted Kingfisher Airlines has inked a multi-year partnership deal with Toyota Motorsport
This partnership also marks for the first time ever that an Indian airline has partnered on this scale with anyone in the F1 circuit worldwide.
The airline expressed the hope that it would be able to resume operations, after DGCA approves its resumption plan, from November 6.
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 Airlines on Monday announced the launch of its service between Mumbai and Mangalore.\n\n
Kingfisher, grounded since October 1 and whose flying licence expired last December, has not paid to most of its staff since last June.
Liquor baron Vijay Mallya's Kingfisher Airlines will commence operations during the first quarter of 2005.
Kingfisher Airlines on Thursday said its vice-chairman G R Gopinath has reduced his stake in the air carrier to 1.75 per cent after selling shares worth Rs 4.03 crore (Rs 40.3 million).
The grounded airline owes Rs 290 crore (Rs 2.9 billion) to AAI towards landing and parking fees.
Banking industry sources said the move by the lender is pre-emptive to protect its interest.
Analysts say mergers by India's airlines have not been successful so far because of their objectives: it's to either kill competition or acquire flying rights to fly international.
Kingfisher has said it is in talks with foreign carriers for bringing in FDI, a move that is expected help it overcome financial troubles.
The Vijay Mallya-promoted private airline also reported a decline in its income from operations at Rs 1,352.45 crore (Rs 13.52 billion) for the December quarter, from Rs 1,447.83 crore (Rs 14.47 billion) in the same period previous fiscal.
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.
Mallya's airline is the second domestic carrier to have received DGFT approval for ATF import after budget carrier SpiceJet.
Kingfisher Airlines will operate international flights between Bangalore and San Francisco, Bangalore-New York and Mumbai-London flights from August this year.
Kingfisher Airlines has introduced the Kingfisher Miles of Chill Times offer for the Kingfisher class travellers.
The CBI has shared its findings with the Enforcement Directorate.
Six months after entering into a strategic alliance, Jet Airways and Kingfisher Airlines will soon launch code-share flights on select routes.
The 14 banks, led by State Bank of India, which lent Rs 6,500 crore (Rs 65 billion) to the airline, are now involved in litigation over the money, as Mallya has sued them in multiple courts.
Kingfisher Airlines is likely to commence international operations from August. It will initially start its operations to destinations like San Francisco, London, New York from the Bangalore Airport. Some more destinations will be added later, according to Siva Ramachandran, vice-president (global sales), Kingfisher Airlines.
Mahendra Singh Dhoni's side were crowned the World Cup winners after beating Sri Lanka by six wickets in the final at the Wankhede Stadium here on Saturday to become only the second Indian squad to win cricket's showpiece event after Kapil Dev's 1983 outfit.
The Service Tax Department here has impounded an aircraft of the grounded Kingfisher Airlines for defaulting tax dues amounting to Rs 63 crore (Rs 630 million), officials said on Tuesday.
Kingfisher Airlines flagged off services between Hong Kong and Mumbai with its inaugural flight taking off from Hong Kong's Chek Lap Kok Airport on Wednesday.
In a written reply to the Rajya Sabha, Civil Aviation Minister Vayalar Ravi said Vijay Mallya-promoted Kingfisher Airlines along with Paramount Airways did not settle dues on a regular fortnightly basis.
While Raghunathan is a named accused in the CBI's case registered in October last year, Nedungadi had resigned recently from the post of CFO of the UB group.
According to sources, both the departments have already laid their claim on the proceeds from the sale of the property
United Bank of India has already declared Kingfisher a wilful defaulter while State Bank of India, Punjab National Bank and IDBI have initiated such a move.
has deployed an Airbus A330 aircraft for the service.
This is the second time since February 2 that the cash -strapped carrier has been suspended from ICH for not paying its dues.
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
In conformity with civil aviation regulator DGCA's guidelines on reducing flight delay, private carrier Kingfisher Airlines will close its check-in counters for domestic flights 40 minutes prior to departure.
HPCL is Kingfisher Airline's largest aviation turbine fuel supplier.
Amid the debate over bailout for private carrier Kingfisher Airlines, SpiceJet chief Neil Mills on Monday said the government should not use taxpayers' money to revive a private sector company.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances