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by Admin 2012-10-20 | Like 44 |2328 Views

Kingfisher Airlines licence might be suspended, say sources: Top 10 developments

Kingfisher Airlines licence might be suspended, say sources: Top 10 developments

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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
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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...

The debt-ridden Kingfisher Airlines might soon lose its flying licence as the company has failed to convince regulators on its plans to fund its operations, according to the sources.
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Kingfisher Airlines to lose flying licen...

Description : The debt-ridden Kingfisher Airlines might soon lose its flying licence as the company has failed to ...

Tags : Kingfisher Airlines to lose flying licen...

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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Kingfisher Airlines offers to pay a mont...

Description : The ailing Kingfisher Airlines on Monday offered to pay one month salary to its employees in 24 hour...

Tags : kingfisher airlines, mumbai, kfa, kingfi...

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.
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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.
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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
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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.
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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.
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DGCA to Kingfisher: Show flight schedule...

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

Tags : kingfisher airlines,kingfisher,airline,...

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
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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...

KFA surged over 4 per cent on Wednesday after the grounded airliner got a ‘no objection certificate’ from oil companies.
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Kingfisher rallies after getting NOC fro...

Description : KFA surged over 4 per cent on Wednesday after the grounded airliner got a ‘no objection certif...

Tags : Kingfisher Airlines Ltd,Funding...





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