Kingfisher gets $163.5 mn in investment offers: Reports

Last Updated: Saturday, February 25, 2012, 12:08

The investors would get a combined 24 percent stake in the airline if the deal succeeds, the report said citing Mallya.

Froze KFA bank A/c for failure to pay service tax: CBEC

Last Updated: Friday, February 24, 2012, 19:53

The Central Board of Excise and Customs (CBEC) on Friday said that it has frozen the bank accounts of Kingfisher Airlines for its failure to pay service tax arrears.

Kingfisher may lose prime flying slots

Last Updated: Thursday, February 23, 2012, 18:57

Troubled Kingfisher Airlines may risk losing a large number of its prime flying slots as it began operating a truncated flight schedule today, with DGCA considering punitive action against it for allegedly flouting regulations.

Kingfisher has Rs 40 crore in tax dues: CBEC

Last Updated: Wednesday, February 22, 2012, 21:02

The company paid Rs 10 crore in December, Rs 20 crore in January and they have to pay Rs 20 crore in February

KFA converts OCDs into equity to save interest payment

Last Updated: Wednesday, February 22, 2012, 00:06

Following the conversion, the airlines will not have to pay 8 percent interest on debentures.

Kingfisher Airlines has to be saved: Veerappa Moily

Last Updated: Tuesday, February 21, 2012, 23:31

Amid criticism from all quarters, beleaguered airline Kingfisher's promoter Vijay Mallya on Tuesday got some sympathy from Corporate Affairs Minister Veerappa Moily who came out in his support saying the carrier "has to be saved".

Fare hike not due to Kingfisher flight cancellation: DGCA

Last Updated: Tuesday, February 21, 2012, 23:02

There were reports that major airlines have jacked up fares on many busy routes by 10-25 per cent over the past few days.

Omar to work out mechanism with Centre to help K'fisher

Last Updated: Tuesday, February 21, 2012, 20:16

The state government owns 51 per cent stake in Jammu and Kashmir Bank.

Air fare hike not due to Kingfisher's flight cancellation: DGCA

Last Updated: Tuesday, February 21, 2012, 19:34

Aviation regulator DGCA Tuesday said there had been no unprecedented hike in fare as a result of large-scale cancellation of Kingfisher flights, but due to last moment buying of tickets in the high fare baskets.

Will not close down Kingfisher: Mallya

Last Updated: Monday, February 20, 2012, 22:09

Kingfisher, which suffered a loss of Rs 1,027 crore in 2010-11 and has a debt of Rs 7,057.08 crore, posted a Rs 444 crore loss in third quarter this fiscal.

Air fares rise due to Kingfisher cancellations

Last Updated: Monday, February 20, 2012, 21:46

Travel agents also confirmed the development, saying large-scale cancellations by Kingfisher on some of the popular sectors Bangalore-Delhi have almost doubled.