Finnair has said that flying from Helsinki to Bangalore and Chennai, where Finnish companies have a large business presence, is part of its expansion plans, besides leveraging from an alliance with Kingfisher Airlines in India.
The 14th Additional Chief Metropolitan Magistrate court issued the NBWs on March 10 against the now-defunct Kingfisher Airline
The list of negatives on Kingfisher Airlines is getting longer.
The employees have alleged that Mallya, who has been giving them false promises, has been able go away scot free by eliciting "political favours".
HPCL is the largest supplier of jet fuel to Kingfisher.
SBI has already exceeded the exposure limit of Rs 1,436.1 crore (Rs 14.36 billion) in Kingfisher.
According to the department, Kingfisher owes the sum for the April-September period and Air India's is for the period between April and August.
After some initial take off turbulence, Gopinath is now actively steering the air cargo business steadily with equity infusion from Reliance Industries.
Premier airlines, British Airways and Kingfisher Airlines, are likely to announce a codeshare agreement next month which would facilitate seamless travel for passengers, who can also enjoy benefits while travelling on each other's networks.
The GVK Group-run MIAL issued a notice to the airline on Thursday.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
Flight schedules to be affected more than thought earlier.
Mallya's Rajya Sabha declaration lists investments in racing, finance and investment firms.
Kingfisher Airlines chief Vijay Mallya today said the company was negotiating with banks to reduce the high interest rates on its Rs 6,000 crore (Rs 60 billion) debt but maintained the air carrier was not suffering from a "huge" debt burden.
"Since 2014, I have never given him any appointment to meet me and the question of his having met me does not arise," Finance Minister Jaitley said in a Facebook post.
Bollywood actress Deepika Padukone and Sidhartha Mallya, the owner of Kingfisher Airlines, judged models for the Kingfisher Calendar 2011 in Mumbai on October 26.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
It had net loss of Rs 355.55 crore (Rs 3.55 billion) in the January-March quarter of 2010-11, Kingfisher said in a filing to the BSE.
Higher economic growth and affordability will help Indian aviation firms register strong growth.
Flights to the UK and other European destinations of Air India, Jet Airways and Kingfisher Airlines remained cancelled for the sixth consecutive day today in the wake of huge clouds of volcanic ash emanating from Iceland.
Till now in Kingfisher, the number was not fixed and depended on the number of hours flown.
It may hit Kingfisher, Paramount restructuring.
"We have not chanced upon any leads so far," Bengaluru City Deputy Commissioner of Police (North-East Division) Basavaraj Malagatti told PTI, even as a police official said in Thiruvananthapuram "we are collecting all the details from both the airports for analysis". The investigation would look into all aspects including on how the explosive material made its way into the cargo hold, the source from where it was procured, the official said in Thiruvananthapuram.
A debate regarding the security breach at the Bangalore International Airport due to which someone managed to plant a crude bomb on a Kingfisher Airlines aircraft from Bangalore to Thiruvananthapuram is on with the authorities blaming each other for the incident.
As per the latest shareholding pattern filed by Kingfisher with the stock exchanges on Wednesday, ICICI Bank held about 1.67 crore (16.7 million) shares, accounting for a 2.9 per cent stake, in the airline as on March 31, 2012.
Currently, Kingfisher offers international flights to just London and Colombo, Kingfisher Airlines Ltd vice-president (Global Sales) Siva Ramachandran said, adding that there is a proposal for including destinations like Singapore, Hong Kong, Bangkok, Kuala Lumpur, Dhaka, Dubai and Maldives.
Second deal in 4 months after tie-up with RIL for cargo airlines.
Vijay Mallya-promoted Kingfisher Airlines is flying into turbulence. More than 150 of its pilots have left in the past year-and-a-half, citing various reasons. Even though others have joined, the current shortage is estimated at 35 pilots, forcing the airline to ground some of its aircraft, cancel leaves of flight commanders, and put senior executives from the operations department on flying duty.
A major security lapse was reported at Nedumbassery airport in Cochin on Sunday morning after explosive chemical material was found on board Kingfisher Airline flight no 2482. The flight was detained for two hours while a thorough check was carried out after smoke was seen emanating from the cargo of the flight.It was found that a box addressed to a detergent company in Chennai contained boric acid and other chemicals which could have caused an explosion.
The carrier had planned a GDR issue in December last year to reduce its debt but had failed to do so as its stock prices began slumping.
Vijay Mallya has applied to Home Secretary Priti Patel for "another route" to be able to stay in the UK, the liquor tycoon's barrister representing him in bankruptcy proceedings in the High Court of London confirmed during a remote hearing on Friday. The 65-year-old businessman, whose legal challenge to the Indian government's extradition request was turned down at the Supreme Court level in the UK last year, remains in Britain on bail until Patel signs off on the order for him to be extradited to India to face charges of fraud and money laundering related to the now-defunct Kingfisher Airlines. The UK Home Office has so far only confirmed on background that a confidential legal process remains ongoing before the extradition order can be executed.
Three major domestic carriers -- Air India, Kingfisher Airlines and Jet Airways -- will together require around $10-12 billion (Rs 47,000-Rs 560,000 crore) over the next two-three years to fund their aircraft acquisition plans, an aviation think tank has said.
In August, IndiGo makes its international debut with a nine-aircraft fleet to fly to destinations in Southeast Asia and West Asia.
Vijay Mallya, promoter of debt-ridden Kingfisher Airlines, would have his stake falling a little below 50 per cent in the company, if a comprehensive debt restructuring is approved by the shareholders on December 20. On a fully diluted basis, it will drop by little over 16 per cent from the current 66 per cent.
Wanted diamond merchant Nirav Modi, whose extradition to India was ordered in April by UK Home Secretary Priti Patel in the estimated USD 2-billion Punjab National Bank (PNB) scam case, has lost the first stage of his extradition appeal in the high court in London.
Protesting against the government efforts to reduce high prices charged by airlines on tickets booked at short-term notice, Kingfisher Airlines promoter Vijay Mallya on Monday said that airfares should not be capped by the regulatory authorities, whether it is in upper or lower band.
Cash and carry basis means the airline will not be allowed to operate flights out of Mumbai unless it pays for landing and parking for each movement on an immediate basis.
Private carriers Jet Airways and Kingfisher owed over Rs 1,050 crore (Rs 10.50 billion) to the public sector oil marketing companies (OMCs) like Indian Oil, HPCL and BPCL towards the payment of jet-fuel bills as on November 15.
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.
This cashless transaction is a part of corporate debt restructuring agreed by banks and the airline company.
