Kingfisher Airlines caused Rs 290 crore loss to AAI, says CAG

Last Updated: Thursday, July 30, 2015, 21:20

Bogged down by mounting debt and operational issues, the Vijay Mallya-owned KFA was grounded in 2012 after aviation regulator DGCA cancelled its licence.

Grounded Kingfisher Airlines to pay Rs 12.9 lakh to ex-pilot

Last Updated: Tuesday, December 23, 2014, 16:04

A Delhi court has directed the grounded Kingfisher Airlines to pay the outstanding salary of three months amounting to Rs 12.91 lakh to one of its ex-pilots who had moved court over non-payment of dues.

Kingfisher says to appeal winding-up plea by creditor

Last Updated: Monday, February 3, 2014, 11:17

Kingfisher, which has not flown in more than a year for want of cash, said it would appeal against the Karnataka High Court`s order admitting the petition by Aerotron Ltd. Kingfisher said Aerotron was an unsecured creditor.

Kingfisher employees to go on hunger strike from Jan 6

Last Updated: Thursday, January 2, 2014, 19:03

They also sought disqualification of corporate leaders from the membership of Parliament on charges of such default.

Will go full throttle to recover dues from KFA: SBI Chief

Last Updated: Tuesday, April 16, 2013, 22:09

State Bank of India is the leader of consortium of lenders to grounded airline Kingfisher.

We're yet to hear from Kingfisher: SBI chief

Last Updated: Saturday, November 24, 2012, 18:24

"Kingfisher as a company has not given us any information or visibility on capital infusion," SBI chairman Pratip Chaudhuri told reporters on the sidelines of the annual two-day banking summit `Bancon 2012' here.

Action plan after Nov 17 if salary not paid: KFA employees

Last Updated: Wednesday, November 14, 2012, 18:06

"We will wait till Saturday for the payment of May salary. If the airline does not pay by November 17, we will chalk out our further action plan," they said.

SBI wants ailing Kingfisher to pump $1 bn by month-end

Last Updated: Wednesday, November 7, 2012, 20:27

"...We do not put a gun on their head but the more comes in the better because airlines are a very capital intensive business. I think about USD one billion would be a good starting point," SBI Chairman Pratip Chaudhuri told reporters on the sidelines of World World Economic Forum on India summit here.

Kingfisher stocks down 5%; falls for fourth straight day

Last Updated: Thursday, October 4, 2012, 12:27

Falling for the fourth straight day, shares of Kingfisher Airlines were down about 5 percent as hopes of the ailing company resuming operations faded on Thursday with management failing to persuade striking engineers and pilots to return to work.

Kingfisher Airlines faces operational shutdown: CAPA

Last Updated: Friday, August 24, 2012, 18:48

According to the advisory company, a restructuring of the airline will require banks to take a significant hit as they have huge exposure to bad debt given to the carrier.

Regulator has yet to submit report on Kingfisher Airlines: Aviation Minister

Last Updated: Wednesday, March 21, 2012, 13:58

India's aviation minister, Ajit Singh, said Wednesday the sector regulator has yet to submit its report on dealing with cash-strapped Kingfisher Airlines Ltd.