Tuesday May 26, 2015
United Bank of India on Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short run but hoped the recovery could be possible in the long-run.
Monday October 27, 2014
City-based UCO Bank today said it has "identified" Vijay Mallya-owned Kingfisher Airlines (KFA) as a "wilful defaulter" and will be sending a notice to the defunct carrier.
Sunday October 26, 2014
At least two banks, the third largest private sector lender Axis Bank and the south-based Federal Bank, have said they have not classified KFA, Mallya and his senior officials as wilful defaulters.
Friday August 29, 2014
State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after the judgement of the Calcutta High Court division bench was delivered on Thursday.
Monday April 7, 2014
The trademarks put on the block include Fly Kingfisher and Fly Kingfisher (Label), both registered with KFA and each having a validity of up to January 10, 2017. Flying Models registered with United Breweries (airline promoter) and valid up to August 6, 2014 is also put up on sale.
Monday January 6, 2014
MAS GMR Aero Technic Ltd, a unit in GMR's Aviation SEZ at Rajiv Gandhi International Airport, has sought Commerce Ministry's permission to carry out repair works on 14 aircraft once operated by Kingfisher Airlines and make them in flying condition.
Monday September 16, 2013
The employees received last salary this April for July 2012, sources said, adding a section of the city-based employees have already started a peaceful agitation. As of March, there were 2,851 employees with the carrier which has been grounded since last October.
Faizan Mohammad Khan | Wednesday May 1, 2013
The Directorate General of Civil Aviation (DGCA) has rejected Kingfisher Airlines' (KFA) revival plan that it had submitted to the aviation regulator this month, NDTV has learned.
Tuesday November 20, 2012
The Revenue Department is working on a comprehensive plan to recover tax dues from debt-ridden Kingfisher Airlines (KFA), which owes more than Rs 200 crore to the exchequer, a top Finance Ministry official said today. "As a matter of fact both Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) have quantified the am...
India News | Edited by Prasad Sanyal | Monday October 22, 2012
Even as aviation minister Ajit Singh told NDTV that it was "'unrealistic" to expect Kingfisher Airline to fly again, talks with between the troubled carrier's management and employees ended this evening with the management offering the employees three months' salary and giving them till October 26 to respond. "Kingfisher has taken its employees for...
Monday October 22, 2012
Lenders to Kingfisher Airlines, which probably stand to lose more from DGCAs suspension of the airlines license than the company itself, are concerned about todays development, but insist that sale of Kingfishers assets to recover their loans remains the last option.
Wednesday October 17, 2012
GMR Hyderabad International Airport Ltd (GHIAL) today withdrew a cheque bounce case filed against Vijay Mallya-promoted Kingfisher Airlines (KFA) in a court here after the airline agreed to pay the outstanding amount due to it.
Monday October 8, 2012
The debt-laden Kingfisher Airlines, which owes 17 banks about Rs 7,000 crore, does not pose any systemic risk, RBI Deputy Governor K C Chakrabarty said today.
Friday October 5, 2012
State Bank of India today said Kingfisher lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid for the past seven months.
Thursday October 4, 2012
Alarmed by the never ending crisis in Kingfisher, its lenders are holding an emergency meeting here to discuss the future of their exposure to nearly-bankrupt carrier.
Cheat Sheet | Edited by Prasad Sanyal | Tuesday October 2, 2012
The Directorate General of Civil Aviation (DGCA), which is the regulatory body for airlines, has told top executives of Kingfisher Airlines that it will be allowed to operate only after ensuring its employees return to work. 270 of its engineers have been on strike since Sunday, triggering its latest crisis. After the meeting with the DGCA, Sanjay ...
Press Trust of India | Monday September 3, 2012
The consortium of lenders to debt-ridden Kingfisher Airlines (KFA) will meet here on Wednesday to discuss the way forward with their exposure to the Vijay Mallya-promoted carrier.
Sunday August 5, 2012
AAI spokesperson added that the authority is exploring several options to recover its long-pending dues.
Tuesday April 3, 2012
Kingfisher Airlines' employees called off a strike scheduled for 8 p.m. Tuesday subject to Mallya meeting his commitments.
Tuesday April 3, 2012
Kingfisher employees have agreed to withdraw the Tuesday 8 p.m. deadline for a strike.
Monday April 2, 2012
Employees have written to Vijay Mallya seeking payment of salary by 8 pm tomorrow.
Monday April 2, 2012
Read full text of Kingfisher employees' response sent to Vijay Mallya's letter dated 1 April, 2012.
Wednesday March 28, 2012
"We cannot kill Kingfisher. We might give KFA some more time, if it pays some dues by March 31," official sources said.
Monday March 26, 2012
The consortium of 13 PSU banks, including State Bank of India, have an exposure of Rs 5,608.07 crore to Kingfisher Airlines (KFA) as on February 2012, Minister of State for Finance Namo Narain Meena said in a written reply in Lok Sabha last Friday.