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…
Kingfisher Airlines asked to vacate international business lounge at T3
Troubled Kingfisher Airlines has been asked to vacate its huge business lounge in the international side of terminal 3 or T3 by the GMR run Delhi Airport. The latest move has come after the Airports Authority of India asked the…
Kingfisher Airlines to continue to fly says Mallya
Ailing Kingfisher Airlines has been facing plenty of problems for the past few months. The airline chief, Vijay Mallya has kept himself away from any interactions or discussions ever since the airline started facing problems. On October 30, 2012, Mallya…
Kingfisher Airlines employees reject three months salary
Crisi-hit Indian airliner Kingfisher, had offered its employees three months worth of salary on October 22,2012. Their salaries have been outstanding for a while now. However the offer was rejected by some sections of their employees as they demanded salaries of…
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…
Indigo, Jet Airways charge highest fares, Kingfisher charges lowest in July
Low cost Indian airline Indigo charged the highest fares on several sectors, while the Kingfisher Airline which was once considered as the ‘first class’, charged the cheapest. The latest figures from the month of July had shown some of the…
Kingfisher Airlines was almost grounded by former DGCA chief Bharat Bhushan
An extensive review of government documents has shown that the struggling carrier Kingfisher Airlines was almost close to having its permit suspended by the country’s former aviation regulator. Bharat BHushan , the head of Directorate General of Civil Aviation DGCA,…
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…
Kingfisher Airlines given 15 days time by lenders
Ailing Kingfisher Airlines, has been given a time of 15 days by the lenders to come up with concrete plans to improve its operations. An executive with the State Bank Of India after a meeting between the airlines and the…