ED summons Vijay Mallya, gives him a week's timeOfficial sources said Mallya has been summoned to appear before investigators of the ED here on March 18.
Loan default case: Enforcement Directorate quizzes former CFO of Kingfisher Airlines A RaghunathanAccording to the official, Raghunathan has blamed Mallya (for the financial crisis that befell KFA) and said he worked as per the direction...
Tomorrow's meeting with Kingfisher management crucial: LendersThe meeting between bankers and management of ailing KFA is being considered crucial as it will determine the future course of action by le...
Lenders refuse to give more funds to Kingfisfer AirlinesIn yet another blow to Kingfisher Airlines, lenders on Monday refused to give more funds to Kingfisher and demanded partial repayment of du...
Diageo-USL deal: Use the funds to revive KingfisherThough Mallya has denied speculation that he will use cash to revive KFA, there is no other way to get the airline back up into the skies.
- Indian media has no credibility, says Vijay Mallya
KFA's licence was suspended last Saturday as the airline had reportedly not paid employees, airports, the tax department and other vendors ...
Kingfisher crash may push air fares up by 10%Other airlines, especially the low-cost carriers, are likely to take advantage of the situation.
Kingfisher Airlines under pressure after DGCA notice, stock downShares of Kingfisher Airlines (KFA) were locked on 5 per cent lower circuit on Monday as the problems for the beleaguered airline seem to b...
Kingfisher Airlines extends lockout till October 12 as talks with staff failThe beleaguered airline, meanwhile, got some reprieve as bankers agreed to release funds from escrow accounts.
Kingfisher Airlines' crisis to have minimal impact on Bangalore-Delhi faresEven with Kingfisher Airlines (KFA) going in for a partial lockout till October 4, airfares on trunk routes have not appreciated to alarmin...
- Country can’t wait forever for Air India revival: Ajit Singh
"It is difficult to spend anymore public money on Air India in the current economic scenario. There are other carriers waiting in the wings...
- Junior staff of Kingfisher Airlines get salaries
After a long wait of four months, a section of employees of crisis-ridden KFA today received part of their pending salaries.
Kingfisher crisis: Five KFA flights cancelledAt least five Kingfisher Airlines flights out of Mumbai and Delhi were cancelled today as a section of staff did not report for duty.
- Vijay Mallya will have to take call on closing Kingfisher: Ajit Singh
The crisis-hit Kingfisher, which has a total debt of about Rs 7,057 crore and accumulated losses of about Rs 6,000 crore.
- SBI did not provide lifeline to Kingfisher Airlines, says government
The government said that State Bank of India (SBI) has not extended any lifeline to the cash-strapped Kingfisher Airlines this fiscal.
- UB CFO Ravi Nedungadi predicted Kingfisher Airlines would be a drain on company's finances
UB Group CFO Ravi Nedungadi is the man who had expressed reservations about the foray when Mallya first broached the idea of an airline wit...
- Kingfisher shares hit all-time low; Analysts' take
Shares of Kingfisher Airlines plunged nearly 20% to its all-time low of Rs 17.55 on the Bombay stock Exchange.