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KINGFISHER CRISIS
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...- United Breweries to shut Ludhiana brewery by JuneUnited Breweries has decided to close its Ludhiana brewery in Punjab, effective June 30, 2026, after entering into a long-term capacity lea...
- ‘We are not going to do charity’: Kingfisher beer maker United Breweries plans to exit unprofitable states amid cost surge, pricing curbsUnited Breweries, a major player in India's beer market, is preparing to withdraw from unprofitable regions due to soaring input costs and ...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 29%In the current phase of market volatility, the only solace to be derived is from market history. And history tells us that, just like good ...
- European alcoholic drinks companies seek India tariff relief as shortages of cans, bottles loomIndian liquor firms are grappling with rising costs for glass bottles and cans. Supply chain disruptions, linked to the Iran war, are causi...
- 'Woodpecker Airlines' that brew intoxicants: CEA Arvind Subramanian takes dig at Vijay MallyaSubramanian said this was a crisis where owners of some 'Woodpecker Airlines' also made intoxicants at 'Eagle Breweries', but did not pay f...
- Kingfisher crisis: We borrow from those who earn less than us, say employeesET caught up with Kingfisher Airlines employees before management promised them to pay their salaries. Two of them shared their agonising e...
- Kingfisher management discusses revival plans with DGCA"We had a discussion with the DGCA to get a better understanding about presenting the revival plan," CEO Sanjay Aggarwal said.
- Kingfisher First: Banks staring at Rs 6000-crore writeoff on loans to debt-ridden airlinesLenders are reconciling to the fact that chances of an equity investor coming forward is remote while the airline's troubles are rising.
- Most Kingfisher employees may take management offer, but some still holding outMost KFA employees may accept management's proposal to pay 3 months' dues before Diwali & the rest post the airline's re-capitalisation.
- Don't 'disgrace' the company: Mallya to striking pilotsMallya said he was doing his best, but gave no assurance by when the agitators will be paid their salaries.
- Govt awaiting DGCA report on Kingfisher Airline: Ajit Singh"We are waiting for report from the DGCA on Kingfisher Airlines. The DGCA has not submitted any report to the government," Ajit Singh told ...
- Kingfisher Airlines has to be saved: Veerappa MoilyAmid criticism from all quarters, Mallya got some sympathy from Corporate Affairs Minister who came out in his support saying Kingfisher ha...
- Banks tell Kingfisher Airlines to bring fresh equityThe loans of Kingfisher Airlines were restructured less than a year ago after RBI agreed to give it a one-time dispensation.
- Vijay Mallya: They are writing me off over one businessThe move will reduce sales tax to 5% from the current ad valorem sales tax of up to 45% levied on jet fuel by some states.
- Banks hold deliberations on Kingfisher crisisBeleaguered Kingfisher Airlines would have to wait some more time for relief as its lenders continued deliberations today towards resolving...
- Kingfisher Airlines is equipped to tide over the crisis: Sanjay Aggarwal, CEOKingfisher Airlines will change the product offering based on what the customer will value and is willing to pay for.
- Kingfisher Airlines bailout: Why options before government & banks are limitedWhat the airline is hoping for is more of what it got a year back: banks will 'restructure' its debt, currently estimated at around Rs 7,00...
- We have to find ways to get Kingfisher out of trouble: PMManmohan Singh said that he will talk to civil aviation minister Vayalar Ravi once he is back in the country from Maldives after attending ...
- Kingfisher unfazed by Libya Crisis, to raise $300 mn via GDR issueVijay Mallya promoted Kingfisher Airlines will go ahead with its plans to raise $300 million through GDR issue despite crisis in Libya cast...
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