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'Kingfisher Airlines' - 919 News Result(s)

  • SpiceJet Rescue Plan Marks Bold Bet on Indian Aviation Recovery

    SpiceJet Rescue Plan Marks Bold Bet on Indian Aviation Recovery

    The co-founder of SpiceJet is leading over Rs 1500 crore rescue effort to pull the low-cost carrier back from the brink of collapse, in a bold bet on the recovery of an industry plagued by high costs and heavy losses.

  • SpiceJet Likely to Go Kingfisher Airlines' Way: Analysts

    SpiceJet Likely to Go Kingfisher Airlines' Way: Analysts

    The news of fresh investment in to SpiceJet might have enthused traders, but most analysts believe that SpiceJet will go the Kingfisher way.

  • SpiceJet Soars 15% on Hopes of New Investments

    SpiceJet Soars 15% on Hopes of New Investments

    SpiceJet shares jumped over 15 per cent on Friday on reports that the ailing carrier may get new investments soon. SpiceJet has a liability of Rs 2,000 crore and it had to ground its operations briefly on Wednesday after oil companies refused supplie...

  • SpiceJet Crisis Highlights the Perils of Airline Investing

    SpiceJet Crisis Highlights the Perils of Airline Investing

    SpiceJet shares got a big boost last month when billionaire investor Rakesh Jhunjhunwala, who has been constantly accumulating shares in the carrier, bought 7.5 million shares (or 1.40 per cent stake) on November 28. SpiceJet surged 38 per cent in ju...

  • Sun Group Says it Cannot Afford SpiceJet's Rescue

    Sun Group Says it Cannot Afford SpiceJet's Rescue

    The parent of SpiceJet Ltd said it cannot afford to bail out the cash-strapped budget carrier that was forced to ground its entire fleet on Wednesday after creditor oil firms refused to refuel the aircraft. Shares in SpiceJet dropped over 8 per cent ...

  • Six Indian Carriers Owe Rs 5,889 Crore to Airports Body, 3 Oil Firms

    Six Indian Carriers Owe Rs 5,889 Crore to Airports Body, 3 Oil Firms

    Six Indian carriers including beleaguered SpiceJet, now-collapsed Kingfisher Airlines and Paramount Airways jointly owe a whopping Rs 5,889 crore to the Airports Authority of India (AAI) and three state-run oil companies, the Rajya Sabha was informed...

  • Government Comes to SpiceJet's Rescue, Airline Gets More Time to Pay Bills

    Government Comes to SpiceJet's Rescue, Airline Gets More Time to Pay Bills

    Loss-making airline SpiceJet Ltd won a crucial reprieve from clamouring creditors on Tuesday, after the government asked airport operators and fuel suppliers to give the carrier more time to pay its bills.

  • SpiceJet Shares Crash 17% as Viability Concerns Grow

    SpiceJet Shares Crash 17% as Viability Concerns Grow

    SpiceJet shares crashed 17 per cent to a low of Rs 11.25 on Tuesday amid rising concerns about the viability of the low-cost carrier. SpiceJet is on the brink of shutting down operations with analysts comparing the ailing carrier to grounded Kingfish...

  • Wilful Defaulter Case: High Court Reserves Judgement

    Wilful Defaulter Case: High Court Reserves Judgement

    The Delhi High Court on Wednesday reserved its judgement on a plea that Kingfisher Airlines lawyers cannot appear before Punjab National Bank (PNB) in the process to declare the ailing carrier and its guarantors, Vijay Mallya and United Breweries Hol...

  • SpiceJet Cancels Over 1,800 Flights in Domestic Sector

    SpiceJet Cancels Over 1,800 Flights in Domestic Sector

    Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for the current month, in signs of mounting troubles for the budget airline.

  • SpiceJet Shares Plunge 13% Ahead of Board Meeting

    SpiceJet Shares Plunge 13% Ahead of Board Meeting

    SpiceJet shares fell as much as 13 per cent on Monday ahead of a likely board meeting on Monday. In the last five days (including today), SpiceJet shares have fallen 30 per cent. The large scale cancellations of SpiceJet flights, followed by a crash ...

  • Kingfisher Airlines Shares Suspended: 10 Things to Know

    Kingfisher Airlines Shares Suspended: 10 Things to Know

    Vijay Mallya-promoted Kingfisher Airlines shares were grounded earlier this week, more than two years after the carrier was met the same fate. The entire promoter shareholding (8.54 per cent) of Kingfisher Airliens has also been frozen. If you did no...

  • Not a Wilful Defaulter, Kingfisher Airlines Tells UCO Bank: Report

    Not a Wilful Defaulter, Kingfisher Airlines Tells UCO Bank: Report

    UCO Bank had sent a notice to the Vijay Mallya-led airline for not repaying a loan of Rs 450 crore which it took to meet working capital requirements with a corporate guarantee furnished by a group firm.

  • United Bank of India Identifies UB Holding as Wilful Defaulter

    United Bank of India Identifies UB Holding as Wilful Defaulter

    In fresh trouble for liquor baron Vijay Mallya, United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.

  • Government Rejects Vijay Mallya as Kingfisher Airlines Director

    Government Rejects Vijay Mallya as Kingfisher Airlines Director

    Kingfisher, which has not flown since 2012, said in a statement on Monday that the Ministry of Corporate Affairs had rejected an application for Mr Mallya's re-appointment, without detailing why.

  • Vijay Mallya Loses Posts at Kingfisher Airlines, Mangalore Chemicals

    Vijay Mallya Loses Posts at Kingfisher Airlines, Mangalore Chemicals

    In a double whammy for businessman Vijay Mallya, the government has annulled his reappointment as managing director of Kingfisher Airlines while he also had to quit from board of another group company Mangalore Chemicals and Fertilizers Ltd (MCFL).

  • Kingfisher, UB Engineering Down as Bourses Decide to Suspend Trading

    Kingfisher, UB Engineering Down as Bourses Decide to Suspend Trading

    Kingfisher's scrip tumbled 4.64 per cent to Rs 1.85 -- its lowest trading permissible limit for the day -- at the BSE.

  • Kingfisher Seeks Basis of Wilful Defaulter Tag From UCO Bank: Report

    Kingfisher Seeks Basis of Wilful Defaulter Tag From UCO Bank: Report

    Kingfisher Airlines has written to UCO Bank wanting to know the basis of attaching the 'wilful defaulter' tag on the grounder carrier.

  • Kingfisher Airlines Faces Trading Suspension From December 1

    Kingfisher Airlines Faces Trading Suspension From December 1

    Kingfisher, founded by liqour baron Vijay Mallya and once India's No.2 carrier, has not flown for more than two years for want of cash. The company last reported its financial results for the three months ended December 2013.

  • Bourses to Suspend Trading in Kingfisher Airlines, UB Engineering

    Bourses to Suspend Trading in Kingfisher Airlines, UB Engineering

    In a major clampdown for non-compliance of listing agreement, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Friday announced suspension of trading in shares of Kingfisher Airlines and another group firm, UB Engineering, from next m...

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