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Vijay Mallya Used IDBI Loan For Kingfisher Airlines To Fund Formula 1 Race Team Too', Alleges Enforcement Directorate
Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.
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From Bathrobe To Jet: Vijay Mallya's Assets To Go Under Hammer
As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore of the embattled businessman's long-defunct Kingfisher Airlines.
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'Wilful Defaulter' Vijay Mallya Reportedly Flew First-Class To London
Tycoon Vijay Mallya, under pressure from banks to repay more than $1 billion owed by his collapsed airline, this morning refused claims that he has fled India as politicians traded recriminations over how he was able to fly to Britain unhindered.
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Civil Aviation Ministry Re-Looking at Five-Year Mandatory Rule for Domestic Airlines to Go Global
The civil aviation ministry is taking a re-look at a rule that does not allow an Indian airline to fly international until they complete five years of operation and have a fleet of 20 aircraft.
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Jet Airways seeks Aviation Ministry nod to buy six Kingfisher slots
With the government withdrawing Kingfisher Airlines' international flying rights and domestic slots, the Jet Airways has approached the Aviation Ministry to acquire six of the vacant slots, according to sources.
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Kingfisher chief Vijay Mallya flies in for Indian Grand Prix, slams critics
Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline.
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Kingfisher Airlines offers to pay three months' salaries; employees to respond by October 26
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 last evening with the management offering the employees three months' salary and giving them till October 26 to respond. "Kingfisher has taken its employees for...
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Kingfisher Airlines offers to pay three months' salaries
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...
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Kingfisher talks with staff fail: 10 big developments
A meeting between Kingfisher Airlines' employees and management in Mumbai today, aimed at finding a resolution to the impasse which has left the carrier unable to operate a single flight since 1 October, ended inconclusively. This was their first meeting after the Directorate General of Civil Aviation (DGCA) suspended the airline's flying licence o...
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Kingfisher clarifies on licence suspension order: Full statement
After operating for nine years, Kingfisher Airlines today lost its license to fly with aviation regulator DGCA suspending it with immediate effect. Kingfisher has now released a statement on this licence suspension order.
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Kingfisher Airlines' licence suspended by aviation regulator
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan. The Vijay Mallya-promoted airline, which has not operated a single flight since October 1, had been asked to explain by today why its licence should not be suspended or ...
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Kingfisher Airlines' licence suspended by aviation regulator
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan. The Vijay Mallya-promoted airline, which has not operated a single flight since October 1, had been asked to explain by today why its licence should not be suspended or ...
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Kingfisher CEO among top-paid airline executives
Air carriers may be flying through rough weathers, but their top executives have got handsome pay hikes, including the Chief Executive Officer (CEO) of crisis-ridden Kingfisher Airlines, who has emerged as the second-highest paid among all his peers at the Vijay Mallya-led UB Group.
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Is your pilot getting a paycheck?
If you're flying an Indian airline these days, that's a legitimate question. India's once-booming airline industry is floundering as cash-strapped companies, some racking up steep losses, struggle to meet their financial obligations. Hundreds of unpaid and partially paid pilots are flying India's skies, and dozens are flying from India to internati...
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Kingfisher 1,000 per cent safe, says Vijay Mallya
United Breweries Group chairman Vijay Mallya today said its Kingfisher Airlines was "one thousand per cent safe to fly" and that safety was the airline's top priority.
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Vijay Mallya Used IDBI Loan For Kingfisher Airlines To Fund Formula 1 Race Team Too', Alleges Enforcement Directorate
Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.
-
From Bathrobe To Jet: Vijay Mallya's Assets To Go Under Hammer
As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore of the embattled businessman's long-defunct Kingfisher Airlines.
-
'Wilful Defaulter' Vijay Mallya Reportedly Flew First-Class To London
Tycoon Vijay Mallya, under pressure from banks to repay more than $1 billion owed by his collapsed airline, this morning refused claims that he has fled India as politicians traded recriminations over how he was able to fly to Britain unhindered.
-
Civil Aviation Ministry Re-Looking at Five-Year Mandatory Rule for Domestic Airlines to Go Global
The civil aviation ministry is taking a re-look at a rule that does not allow an Indian airline to fly international until they complete five years of operation and have a fleet of 20 aircraft.
-
Jet Airways seeks Aviation Ministry nod to buy six Kingfisher slots
With the government withdrawing Kingfisher Airlines' international flying rights and domestic slots, the Jet Airways has approached the Aviation Ministry to acquire six of the vacant slots, according to sources.
-
Kingfisher chief Vijay Mallya flies in for Indian Grand Prix, slams critics
Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline.
-
Kingfisher Airlines offers to pay three months' salaries; employees to respond by October 26
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 last evening with the management offering the employees three months' salary and giving them till October 26 to respond. "Kingfisher has taken its employees for...
-
Kingfisher Airlines offers to pay three months' salaries
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...
-
Kingfisher talks with staff fail: 10 big developments
A meeting between Kingfisher Airlines' employees and management in Mumbai today, aimed at finding a resolution to the impasse which has left the carrier unable to operate a single flight since 1 October, ended inconclusively. This was their first meeting after the Directorate General of Civil Aviation (DGCA) suspended the airline's flying licence o...
-
Kingfisher clarifies on licence suspension order: Full statement
After operating for nine years, Kingfisher Airlines today lost its license to fly with aviation regulator DGCA suspending it with immediate effect. Kingfisher has now released a statement on this licence suspension order.
-
Kingfisher Airlines' licence suspended by aviation regulator
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan. The Vijay Mallya-promoted airline, which has not operated a single flight since October 1, had been asked to explain by today why its licence should not be suspended or ...
-
Kingfisher Airlines' licence suspended by aviation regulator
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Kingfisher Airlines for failing to come up with a viable financial revival plan. The Vijay Mallya-promoted airline, which has not operated a single flight since October 1, had been asked to explain by today why its licence should not be suspended or ...
-
Kingfisher CEO among top-paid airline executives
Air carriers may be flying through rough weathers, but their top executives have got handsome pay hikes, including the Chief Executive Officer (CEO) of crisis-ridden Kingfisher Airlines, who has emerged as the second-highest paid among all his peers at the Vijay Mallya-led UB Group.
-
Is your pilot getting a paycheck?
If you're flying an Indian airline these days, that's a legitimate question. India's once-booming airline industry is floundering as cash-strapped companies, some racking up steep losses, struggle to meet their financial obligations. Hundreds of unpaid and partially paid pilots are flying India's skies, and dozens are flying from India to internati...
-
Kingfisher 1,000 per cent safe, says Vijay Mallya
United Breweries Group chairman Vijay Mallya today said its Kingfisher Airlines was "one thousand per cent safe to fly" and that safety was the airline's top priority.
