The company hiked its loan limit to the debt stricken carrier to Rs 750 cr from Rs 300 cr.
Management claims that the talks are moving in the right direction.
The reasons for non-payment remain unknown. GHIAL spokesperson, Arun Bhagat, refused to comment.
The SBI chief said the bank was comfortable on the liquidity front.
The DGCA will concentrate only on technical and safety aspects.
If standard accounting standards were followed, the loss would have been about Rs 1,090 crore.
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.
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.
After a rap from the aviation regulator for neglecting safety issues, Kingfisher Airlines on Monday submitted a detailed response to DGCA giving time-bound plans to resolve the lapses and discrepancies identified.
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.
The airline has suspended all operations till Thursday.
DGCA summons airline's officials on safety issues.
The Reserve Bank of India (RBI) has asked banks not to treat Kingfisher Airlines' brand as collateral since it is intangible. This is because the loan has turned non-performing for most of the banks.
The BJP threw a counter punch, claiming that the Gandhi family tried to help Mallya's floundering Kingfisher Airlines in 2011-12.
On Saturday, bankers met the KFA management in yet another inconclusive meeting.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
Kingfisher had been asked to give its repayment plan in that meeting, failing which the lenders would not be shy of starting the process to sell its assets pledged with them, bankers said.
The message was given to the airline's CEO, Sanjay Aggarwal, at a meeting here on Wednesay.
After hearing Kingfisher's plea, the COMPAT observed that the CCI had acted beyond its scope in the matter and set aside the penalty.
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.
A Kingfisher pilot, who had allegedly flew a woman in cockpit in violation of safety rules from Delhi to Mumbai on Sunday last, has been taken off the duty pending a probe by the airline.
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.
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.
Aviation companies plan to join hands for importing aviation turbine fuel (ATF) in a bid to bring down their fuel bills.
Kingfisher Airlines on Wednesday said it has taken off flights which have been cancelled in a "planned manner" from its booking site following complaints of hardships to passengers.
After doing so to Kingfisher Airlines, the Directorate General of Civil Aviation has issued showcause notices to carriers IndiGo and SpiceJet for having allegedly cancelled flights without informing passengers.
SBI had moved the Debt Recovery Tribunal because Mallya owes over Rs 7,200 crore to a consortium of banks led by State Bank of India
While 22 flights of the airline were cancelled from Delhi, nine were cancelled from Mumbai, sources said.
The CBI has launched an initial probe over the loan against both companies, a spokeswoman for the agency said on Saturday.
Lenders had asked the management to come up with a revival plan and $1 billion capital infusion.
Kingfisher Airlines on Tuesday decided to suspend all international flights from March 25 and further curtail domestic operations even as government warned the ailing carrier that its flying licence can be cancelled if it failed to meet safety norms.
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.
Trouble for cash-strapped Kingfisher Airlines again erupted today with at least 30 flights either being cancelled or clubbed as several pilots and other staffers failed to report for work to protest delays in salary payments.
The controversy over a DGCA note on beleaguered Kingfisher Airlines refused to die down with new DGCA chief Prashant Sukul saying there was no such document and his predecessor E K Bharat Bhushan seeking a probe into whether it was removed from the official file.
Domestic passenger traffic fell 15.7 per cent in October.
Bankers and the senior management are expected to convene another meeting later this month.
Worst quarter in a decade, fund crunch, Fitch downgrade and messy NPAs. . . he has had little to cheer about
Kingfisher Airline employees, who have not received their May salary despite an assurance from the airline management, are likely to chalk out an action plan next week, if they do not receive their dues by November 17.
An analysis of shareholding patterns of three-listed airlines showed that foreign institutional investors have reduced their stakes in Kingfisher and SpiceJet while hiking their holdings in Jet Airways in three months ended December 2011.
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