The foreign institutional investors have more than doubled their holding to 2.46 per cent stake in Vijay Mallya-led UB group's Kingfisher Airlines, while small individual shareholders hiked their holding significantly to 17.59 per cent during the quarter ended September 30.
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.
The grounded airline owes Rs 290 crore (Rs 2.9 billion) to AAI towards landing and parking fees.
For the second year running, the Kingfisher Calendar hosted model-hunt auditions across the cities of Delhi, Bangalore and Mumbai to offer beauties a chance to feature in India's ultimate pin-up exclusive. Here's how it all went down.
With combined accumulated losses of around Rs 2,000 crore (Rs 20 billion), the new entity created by the merger of unlisted Kingfisher Airlines with Deccan Aviation will have many strengths, but its balance sheet will not be one of them.
SBI has the largest exposure of Rs 1,500 crore (Rs 15 billion) to the airline which has not been serviced since this January.
The bank had issued the notice alleging the carrier has wilfully defaulted in payment of outstanding dues of more than Rs 770 crore (Rs 7.7 billion).
Regulator says that it if Kingfisher is prepared to run the airlines DGCA is ready to renew license. However, the proposal from the airlines will be examined in all aspects before taking decision on revoking its license.
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.
Striking Kingfisher employees decided to resume work from Thursday after an agreement with the management over salary issue.
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.
Vijay Mallya-promoted Kingfisher Airlines's international service, which is expected to start by January 2008, will be staffed entirely by foreign cabin crew.
Domestic private carrier Kingfisher Airlines, impatient to launch international services, will in the next six to eight weeks apply for launching an airline in the US that would enable it operate flights into India.
Kingfisher Airlines' debt restructuring package has received an in-principle nod from bankers. The package will be implemented within 120 days of receiving the Reserve Bank of India's (RBI) nod. Kingfisher, the second largest carrier in terms of market share, has debt of around Rs 6,000 crore across 12 lenders such as the State Bank of India, Bank of India and Vijaya Bank, among others.
For the last five days, operations of the airline have been grounded completely due to a strike called by the engineers and a section of pilots demanding immediate release of salaries stuck for over seven months.
Plans to remove onboard bar to create space.
A formal agreement was signed by liquor baron and Kingfisher chief Vijay Mallya and the top officers of all the 12 'oneworld' partner airlines, after a team of the global alliance visited Delhi and Mumbai, completed a safety audit and set in motion the process through which the Indian carrier would become full-fledged member of the global partnership.
Which of these sizzling sirens will stake her claim on India's hottest calendar? Here's a look at each of the 15 finalists.
SBI is likely to register more FIRs to bring into the ambit of probe the additional Rs 3,100 crore loans from 10 other nationalised banks on which the company has allegedly defaulted.
The company, owned by the UB Group, had been relying on internal group reserves and debt to manage its operations over the past two years and this infusion is expected to fuel its sustained growth.
Kingfisher Airlines, which is already facing a safety audit by the country's civil aviation regulator DGCA, on Thursday came under fresh scrutiny following reports that one of its pilots flew a woman in the cockpit in violation of rules.
The results are required to be disclosed by listed companies on stock exchange platform for benefit of investors.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
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.
The I-T dept has repeated its claim after the Karnataka high court rejected a plea from the airline seeking to prevent its lenders from seizing the property.
A Kingfisher Airlines flight IT-3149 from Mumbai to Lucknow was grounded at Mumbai airport after a bomb scare. The airline got a call as the plane was taxiing on the runway. The plane was then taken to the isolation bay of Mumbai airport.
Low-cost carrier Kingfisher Red will shut down in four months with the airline group chief Vijay Mallya on Wednesday saying several measures have been initiated to face financial problems caused by high interest burden and burgeoning fuel costs.
has deployed an Airbus A330 aircraft for the service.
Mallya's airline is the second domestic carrier to have received DGFT approval for ATF import after budget carrier SpiceJet.
Ealier at a press conference, the Oneworld also announced the joining of Srilankan Airlines in its fold.
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.
Beleaguered Kingfisher Airlines on Wednesday announced further reduction in its flight schedule and said its promoter Vijay Mallya will meet the pilots agitating over delayed salary on Thursday.
Facing severe turbulence, Kingfisher Airlines today started truncated operations in accordance with its new flight schedule, as aviation regulator DGCA examined its operational details to consider whether to take any punitive action against it for flouting norms.
The Karnataka High Court has rejected a petition by Vijay Mallya-led Kingfisher Airlines Limited challenging the move by a consortium of banks to take possession of its "Kingfisher House" property in Mumbai to realise part of the debts due to them from the airlines.
Private carrier Kingfisher Airlines on Wednesday got the crucial operational permit from the civil aviation ministry, recognising it as a scheduled carrier and enabling it to launch flights from Monday next.
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