by Admin 2012-10-23 | Like 18 |3056 Views

Kingfisher Airlines offers to pay a month\'s salary in 24 hours - Business News - IBNLive

Kingfisher Airlines offers to pay a month\'s salary in 24 hours - Business News - IBNLive

The ailing Kingfisher Airlines on Monday offered to pay one month salary to its employees in 24 hours during a closed-door meet with the representatives of its pilots\' and employees\' unions. Sources said that the airline company further offered to pay the second month salary within a week and the salaries for the third month before Diwali. However, the staff

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n the latest twist to the Kingfisher Airlines crisis, sources on Friday said that the money to revive the cash-strapped airline will come from Vijay Mallya\'s UB Group as there is no investor available in the near term. Kingfisher CEO Sanjay Aggarwal met the Directorate General of Civil Aviation (DGCA) officials on Friday afternoon and will now meet Mallya to

UB Group will fund Kingfisher Airlines\'...

Description : n the latest twist to the Kingfisher Airlines crisis, sources on Friday said that the money to reviv...

Tags : kingfisher airlines, kingfisher, kingfis...

Liquor baron Vijay Mallya on Saturday said he has learnt the hard way that wealth should not be displayed in India, and that it is better to be a multi-billionaire politician in the country. \'I have learnt the hard way that in India wealth should not be displayed. (It is) Better to be a multi-billionaire politician dressed in Khadi,\' Mallya

It\'s better to be a multi-billionaire p...

Description : Liquor baron Vijay Mallya on Saturday said he has learnt the hard way that wealth should not be disp...

Tags : vijay mallya, kingfisher airlines, kingf...

Troubled Kingfisher Airlines Chairman Vijay Mallya will be attending the Indian Grand Prix event at Greater Noida later this week. Mallya will be returning at a time when the airline is in the middle of a crisis. The employees of Kingfisher Airlines wanted to speak directly to Mallya on their issues, but they were not given permission to do so.

Vijay Mallya to attend Indian Grand Prix...

Description : Troubled Kingfisher Airlines Chairman Vijay Mallya will be attending the Indian Grand Prix event at ...

Tags : kinmgfisher airlines, kingfisher, kingfi...

Kingfisher airlines.....

Kingfisher Airlines licence might be sus...

Description : Kingfisher airlines........

Tags : Kingfisher airlines,kingfisher,indian po...

State Bank of India Chairman Pratip Chaudhuri wants the beleaguered Kingfisher Airlines (KFA) to act quickly on repaying its bank loans. When asked if he is willing to give the airline more time, Chaudhuri said, “No….time is of essence. So, we think the company should act faster. It is a big company and with a whole group of banks, action is happening.”

A consortium meeting of 17 lenders led by State Bank of India is likely to take a call on February 12 on initiating recovery proceedings, including a change of management, against the debt-laden airline, said a senior banker close to the development. Though banks and KFA management have held talks over the last one year for recovering their dues and reviving the airline, no headway has been made yet. The airline owes about Rs 7,000 crore to banks.

SBI Chief: Kingfisher needs to pay up so...

Description : State Bank of India Chairman Pratip Chaudhuri wants the beleaguered Kingfisher Airlines (KFA) to act...

Tags : State Bank of India, Chairman, Pratip Ch...

The meeting between bankers and management of ailing Kingfisher Airlines on Friday is being considered crucial as it will determine the future course of action by lenders.

Kingfisher management to meet lenders to...

Description : The meeting between bankers and management of ailing Kingfisher Airlines on Friday is being consider...

Tags : Kingfisher Airlines, Kingfisher manageme...

For Kingfisher employees, time and patience is running out

For Kingfisher employees, time and patie...

Description : For Kingfisher employees, time and patience is running out ...

Tags : kingfisher,indian airlines,airlines,flig...

New Delhi: Adding twist to the Kingfisher Airlines crisis, sources said that the airline will not be able to pay the full salaries to its employees. The current monthly salary outgo for Kingfisher Airlines stands at approximately Rs 20 crore. Half of the airline staff were paid their March salaries but for the outstanding salaries, the airline will need Rs 10 crore.

KFA will not be able to pay full salarie...

Description : New Delhi: Adding twist to the Kingfisher Airlines crisis, sources said that the airline will not be...

Tags : Kingfisher Crisis, Kingfisher Airlines, ...

Kingfisher Airlines (KFA) faces the threat of its prime slots on the major metro routes being given away to rival carriers if it fails to resume operations in full swing, say civil aviation ministry source.

DGCA to Kingfisher: Show flight schedule...

Description : Kingfisher Airlines (KFA) faces the threat of its prime slots on the major metro routes being given ...

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Kingfisher Airlines was once considered a very reputed and reliable Airlines and their service facilitated to passengers was appreciated around the globe. But now, the Vijay Mallya owned Company is sa

Kingfisher employees on strike...

Description : Kingfisher Airlines was once considered a very reputed and reliable Airlines and their service facil...

Tags : Kingfisher Airlines Strike, Airlines, Vi...