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DEBT RIDDEN AIRLINE
NCLAT upholds NCLT liquidation order on Go FirstThe NCLAT has dismissed Busy Bee Airways' appeal and upheld NCLT's decision to liquidate Go First, as no viable revival plan emerged for th...- "New application misconceived": SC rejects JKC's plea demanding extension of deadline to deposit Rs 150 croreThe Supreme Court has rejected the plea of Jalan-Kalrock Consortium (JKC) to extend the deadline for depositing Rs 150 crore. The court has...
- Lessons from resolution of Jet AirwaysThe company had received claims of nearly Rs 25,000 crore, of which the resolution professional admitted Rs 8,462 crore as legitimate claim...
- Jet Airways shares plunge nearly 15%At NSE, shares plunged 14.82 per cent to hit one-year low of Rs 106.30.
- Naresh Goyal puts in bid for Jet AirwaysIt couldn't be immediately ascertained whether Goyal has partnered with any entity or airline for the bid.
- Public money being used to save Jet Airways: CongressThe Congress said this bailout of a private airline was being done "in a tearing hurry" by the same Modi government which was trying to pri...
- How a building in Mumbai is helping Air India stay afloatThough government failed to find a single bidder for the debt-ridden national carrier, each floor of the 23-floors Air India tower is a cas...
- Spicejet surges over 13% as foreign airlines eye stakeSpicejet surged over 13% in trade following reports that foreign airlines have shown interest in buying stake in debt-ridden airlines.
- UCO Bank weighing options to send notice to Kingfisher AirlinesUnited Bank of India has already declared Kingfisher a wilful defaulter while SBI, PNB and IDBI have initiated such a move.
- Kingfisher to challenge United Bank's decisionIn a statement, the Vijay Mallya-owned company said, "KFA and its directors will vigorously challenge the decision of UBI."
- Kingfisher Airlines surges on stake sale reports to Eithad AirwaysShares of Kingfisher Airline surged higher in early trade on reports that the debt-ridden airline may sale stake to Eithad Airways.
- Kingfisher Airlines unlikely to bounce back post license suspension: Aviation expertsExpert said that unless both the promoters of Kingfisher infuse equity of around $600-650 mn, no foreign carrier is expected to invest in i...
- Now, Kingfisher Airlines' engineers strike over salary delaysClose on the heels of its pilots going on strike demanding salaries, a section of Kingfisher Airlines engineers did not report for work tod...
- Many interested in investing in Kingfisher: MallyaKingfisher promoter Vijay Mallya today said many have expressed interest in investing in his debt-ridden airline.
- Air India mulling to import jet fuel directlyAir India is mulling direct import of jet fuel as costs have soared by about 40 per cent in the 11 months of the current financial year, de...
- Govt defends state-run banks' exposure to Kingfisher AirlinesThe government defended state-run lenders' exposure to Kingfisher Airlines and said that loans worth Rs 6,419 crore to the carrier were not...
- Bankers ask Kingfisher to infuse Rs 800 cr fresh equity'Bankers want more information on their fleet, equity, continuation of fuel supply. Banks can come in as lenders not promoter.'
- Air India likely to get Rs 2,000-cr boosterDebt-ridden Air India is likely to get a fresh lease of life as the Civil aviation ministry has recommended an infusion of Rs 2,000 crore i...
- DIPP against foreign airlines buying stake in Indian carriersThe industry ministry is not in favour of allowing foreign airlines to buy stake in Indian carriers on the ground that the sector is sensit...
- DIPP against foreign airlines buying stake in Indian carriersThe industry ministry is not in favour of allowing foreign airlines to buy stake in Indian carriers on the ground that the sector is sensit...
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