Kingfisher Airlines employees threaten to disrupt IPL matches
Employees of the ailing Kingfisher Airlines are frustrated about not getting their salaries on time. It has now been ten months that the employees have not got their salaries. Due to this, the people in question have demanded that the…
Stock gain observed by Kingfisher Airlines as revival plan is announced
Cash-strapped Kingfisher Airlines has put together revival plans on December 24, 2012 and has submitted the same to the director general of civil aviation (DGCA) in a meeting, according to sources. The scrip for the company hit Rs 15.21 on…
Rs. 200 crore loan for Kingfisher rejected by lenders
The loan request of Rs. 200 crore from Kingfisher has been rejected by the SBI-led lenders. On September 27, 2012 the lenders consortium had asked the SBI capitals to plan a new revival plan for the financially struggling airline in…
State Bank of India says it is not in favor of shutting down Kingfisher Airlines
India’s biggest and lead lender of Kingfisher Airlines on July 12, 2012 said that it does not intend to shut down the airlines. The cash trapped airline said that it needs to take a few measures to recover the loans…