The engineers of Kingfisher went on a strike on Sunday to protest the non-payment of salaries since March.
Kingfisher has said it is in talks with foreign carriers for bringing in FDI, a move that is expected help it overcome financial troubles.
Says will allow winding-up petition of aircraft lessors in case it fails to do so.
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.
While announcing its results on Wednesday for the quarter ended June, UB Holdings said about a tenth of the corporate guarantees for Kingfisher Airlines were being invoked.
It said a meeting would be held with the airline's management soon.
The grounded airline owes Rs 290 crore (Rs 2.9 billion) to AAI towards landing and parking fees.
Kingfisher Airlines needs to invest at least Rs 2,000 crore to restart its operations, said one of its lender SBI's Chairman Pratip Chaudhuri.
Kiran Rao, executive vice president (sales and marketing, customer affairs) of Airbus, said they have not 'suspended' Kingfisher orders but 'asked' the airlines not to take deliveries.
'I have been most pained at being painted as an absconder'.
This is the second time since February 2 that the cash -strapped carrier has been suspended from ICH for not paying its dues.
Losses and lack of bank funds no reason to shut company, says minister
A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines. At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK. While the banks argued a right to waive their security over the Indian assets involved in the case in order to recover their debt in the UK, lawyers for the 65-year-old businessman argued that the funds in question involved public money held by state-owned banks in India which precluded them from such a security waiver.
Kingfisher Airlines was found to have deducted tax at source on salary payments but had not deposited it in government account, Minister of State for Finance S S Palanimanickam said in a written reply.
Mallya's airline is the second domestic carrier to have received DGFT approval for ATF import after budget carrier SpiceJet.
Mallya said he was being advised by lawyer Harish Salve.
In mid-September, the auditors had raised questions on Kingfisher Airlines' viability to run operations, based on the 2010-11 profit & loss statement.
UBI's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion) as part of consortium led by State Bank of India.
Kingfisher Airlines has launched a Chill Times Offer for its loyal customers.
A familiar face in the glamour circles, Sidhartha Mallya is being groomed to eventually step into his father's shoes.
The aircraft that took off from Kathmandu at 10:30 am crashed into the Seti river gorge, killing all four crew members and 68 passengers. One person on board the aircraft is still missing.
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 Airlines announced the launch of its non-stop service between Bangalore and Goa.
In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options.
Banking industry sources said the move by the lender is pre-emptive to protect its interest.
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).
'I don't think government needs to arrest him'.
Its lenders, who hold around 23 per cent of the debt-laden airline, have asked the promoters to bring in equity before they lend more.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
Facing serious financial turbulence, Kingfisher Airlines has sought government help for a bailout even as it continued its flight curtailment spree for the fifth consecutive day on Friday and its stocks plummeted by over 19 per cent to an all-time low but recovered slightly later.
Kingfisher Airlines on Thursday said it has signed a comprehensive frequent flier agreement with American Airlines.
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
The ED has registered a money laundering case against Mallya and others based on an FIR registered last year by the CBI.
Banks who had lend to Kingfisher Air are finding it difficult to recover dues.
While Air India owes Rs 450 crore (Rs 4.5 billion), beleaguered Kingfisher Airlines has unpaid dues of Rs 75 crore (Rs 750 million) and both carriers have been put on the cash-and-carry mode of payment.
Cash-strapped Kingfisher Airlines owed over Rs 5,600 crore (Rs 56 billion) to public sector banks as on February this year.
