In a meeting headed by the secretary of the civil aviation ministry, it was decided that the 15 deregistered aircraft be returned to lessor...

DGCA deregisters 15 aircraft of KAF to enable global leasing companies to take them back on grounds of default on their lease rentals by th...

Diageo agreed last November to buy a 53.4% stake in UB Group-controlled United Spirits for $2.1 billion, under a two-stage process.

According to sources at aviation regulator DGCA's office, 11 aircraft of the debt-laden airline were deregistered and taken back by lessors...

The seven-year-old airline had not made a profit since inception, but that was the least of the carrier’s worries.

According to the sources, Kingfisher has six Airbus planes leased from ILFC in its fleet of 42 aircraft.

Lessors are clearing dues owed by the airline to AAI and repossessing leased aircraft, currently grounded in a few airports.

Aircraft leasing firms wishing to repossess their planes from Kingfisher are paying AAI about a crore for flying each plane out of India.

State-run AAI has stuck to its threat of not allowing Kingfisher's aircraft lessors to repossess planes from the crisis-ridden airline till...

Certain aircraft lessors and bankers to ailing Kingfisher Airlines (KFA) have invoked corporate guarantees given by Vijay Mallya-led United...

AAI's contention is that it can not let the aircraft go, as it too has to recover dues of about Rs 300 crore on account of landing and park...

Besides, another 15 aircraft of the company are also aground due to want of spares, and the airline is now left with only 15 planes to carr...

Vijay Mallya is believed to have said that if help on these matters was not forthcoming, then it could adversely affect airlines's normal o...

Kingfisher's owner Vijay Mallya has met SBI chairman Pratip Chaudhuri to ask for a short-term loan of Rs 400 crore to meet day-to-day expen...

Some lessors of Kingfisher are planning to take back aircraft they had given on lease as the Vijay Mallya-promoted company faces its bigges...

Owing to mounting losses, Vijay Mallya-owned Kingfisher Airlines has returned 19 leased aircraft to lessors in the past 10 months.

Kingfisher will now have to return the fourth A 320 aircraft to GECAS.