Kingfisher in talks for funds with Hong Kong's Lowy

Last Updated: Thursday, January 19, 2012, 09:50

Debt-laden carrier Kingfisher Airlines said it is in talks with Hong Kong-based distressed debt company SC Lowy Financial for a possible investment, throwing a potential lifeline for the cash-strapped airline.

UB won't use alcohol assets for Kingfisher: CFO

Last Updated: Monday, January 16, 2012, 13:35

UB, whose interests span alcohol, airlines and sports teams, is under pressure to find a solution to Kingfisher's financial troubles as the carrier struggles to meet interest payments.

Kingfisher Airlines slips to 5th place by market share

Last Updated: Thursday, December 22, 2011, 10:55

Kingfisher Airlines fell to fifth place in domestic market share during November, from third in the previous month, after the cash-strapped carrier grounded planes and cut routes, government data showed.

More trouble for Kingfisher over tax

Last Updated: Tuesday, December 20, 2011, 12:46

Cash-strapped carrier Kingfisher Airlines has not deposited with the government most of the income tax it deducted from its employees' salaries for the last two fiscal years, a government minister told lawmakers on Tuesday.

Kingfisher has to infuse more funds to stay afloat: Auditor

Last Updated: Tuesday, November 22, 2011, 21:22

The carrier's ability to meet its financial obligations depends on fresh infusion of funds, its auditors B K Ramadhyani & Co said.

Don’t write epitaph for Kingfisher: Vijay Mallya

Last Updated: Tuesday, November 15, 2011, 14:13

The ‘King of Good Times’ Vijay Mallya took control of Kingfisher Airlines’ ‘cockpit’ on Tuesday and spelt out the plan to get the airline out of turbulence.