Kingfisher Airlines Bail Out

Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.

Liquor baron Vijay Mallya, out on a 650,000-pound bail bond following his arrest by Scotland Yard over fraud and money laundering charges, will return to Westminster Magistrates' Court here today as his extradition trial begins.

Embattled liquor baron Vijay Mallya, out on a 650,000-pound bail bond following his arrest by Scotland Yard over fraud and money laundering charges earlier this year, will return to Westminster Magistrates' Court in London tomorrow as his extradition trial begins.

Tycoon Vijay Mallya, has been granted bail three hours after he was arrested in Britain today following India's extradition request. Mr Mallya was produced at the Westminster Magistrates' Court in London, which granted him bail after a 10-minute hearing. The businessman had slipped out of India a year ago and has been in Britain since. The Indian g...

Defunct Kingfisher Airlines owes the Airport Authority of India (AAI) Rs 294.57 crore and three cases in the court have already been initiated in this regard, government said today.

A package to bail out SpiceJet Ltd could be finalised as early as this month, two sources with direct knowledge of the deal told Reuters, raising the prospect of a last-minute rescue for the indebted carrier.

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 on Tuesday.

State Bank of India is Kingfisher Airlines' largest lender, at Rs 1400 crore.

After days of teetering on an edge, there may be good news for the cash-strapped Kingfisher Airlines. Prominent banks that have lent to the airline have reportedly decided to provide a relief package to it, sources said. Civil Aviation minister Ajit Singh and corporate affairs minister Veerappa Moily have said that the airline should not close do...

In what may come as good news to crisis-hit Kingfisher Airlines, prominent banks that have lent to the airline have reportedly decided to provide a relief package to it. NDTV has learnt that the State Bank of India will provide Rs 1200 crore relief package to Kingfisher out of which nearly Rs 700 crore will be provided in working capital loans.

In what may come as good news to crisis-hit Kingfisher Airlines, prominent banks that have lent to the airline have reportedly decided to provide a relief package to it, sources said.

In an attempt to bail out bleeding airlines, the government is considering whether to allow foreign airlines to own up to 49 per cent of Indian carriers. Right now, foreign investors can own up to 49 per cent stake in Indian airlines, but only if they are not in the airline business abroad. We present a list of answers to most commonly asked questi...

In a bid to bail out bleeding airlines, the government is mulling whether to allow 49% FDI in Indian carriers.

Chairman and Managing Director of Reliance Industries Mukesh Ambani says democracy should not be a hindrance to faster decision making.

Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.

Liquor baron Vijay Mallya, out on a 650,000-pound bail bond following his arrest by Scotland Yard over fraud and money laundering charges, will return to Westminster Magistrates' Court here today as his extradition trial begins.

Embattled liquor baron Vijay Mallya, out on a 650,000-pound bail bond following his arrest by Scotland Yard over fraud and money laundering charges earlier this year, will return to Westminster Magistrates' Court in London tomorrow as his extradition trial begins.

Tycoon Vijay Mallya, has been granted bail three hours after he was arrested in Britain today following India's extradition request. Mr Mallya was produced at the Westminster Magistrates' Court in London, which granted him bail after a 10-minute hearing. The businessman had slipped out of India a year ago and has been in Britain since. The Indian g...

Defunct Kingfisher Airlines owes the Airport Authority of India (AAI) Rs 294.57 crore and three cases in the court have already been initiated in this regard, government said today.

A package to bail out SpiceJet Ltd could be finalised as early as this month, two sources with direct knowledge of the deal told Reuters, raising the prospect of a last-minute rescue for the indebted carrier.

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 on Tuesday.

State Bank of India is Kingfisher Airlines' largest lender, at Rs 1400 crore.

After days of teetering on an edge, there may be good news for the cash-strapped Kingfisher Airlines. Prominent banks that have lent to the airline have reportedly decided to provide a relief package to it, sources said. Civil Aviation minister Ajit Singh and corporate affairs minister Veerappa Moily have said that the airline should not close do...

In what may come as good news to crisis-hit Kingfisher Airlines, prominent banks that have lent to the airline have reportedly decided to provide a relief package to it. NDTV has learnt that the State Bank of India will provide Rs 1200 crore relief package to Kingfisher out of which nearly Rs 700 crore will be provided in working capital loans.

In what may come as good news to crisis-hit Kingfisher Airlines, prominent banks that have lent to the airline have reportedly decided to provide a relief package to it, sources said.

In an attempt to bail out bleeding airlines, the government is considering whether to allow foreign airlines to own up to 49 per cent of Indian carriers. Right now, foreign investors can own up to 49 per cent stake in Indian airlines, but only if they are not in the airline business abroad. We present a list of answers to most commonly asked questi...

In a bid to bail out bleeding airlines, the government is mulling whether to allow 49% FDI in Indian carriers.

Chairman and Managing Director of Reliance Industries Mukesh Ambani says democracy should not be a hindrance to faster decision making.