Kingfisher Airlines Losses
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What Made IDBI Give Rs 900 Crore To Vijay Mallya? Curious Case Of 2 Notes
When Vijay Mallya's Kingfisher Airlines was given a 900-crore loan by state-run lender IDBI, it was already entangled in a full-blown financial crisis. The loan was granted in 2009 - in March that year, the airline had declared losses of nearly 1,600 crores.
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Kingfisher Airlines to pay Rs 14,000 to flier for loss of luggage
Kingfisher Airlines has been asked by a consumer forum in New Delhi to pay a compensation of Rs 14,000 to a flier for losing his luggage in transit from Srinagar to Delhi.
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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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Vijay Mallya writes to Kingfisher employees: Read letter
In an internal letter to Kingfisher Airlines' employees, chairman Vijay Mallya has said he has arranged funds to pay overdue salaries. He added that the delay in payments is a "source of great personal sorrow".
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Kingfisher Airlines grounds more flights, passengers suffer
Passengers of Kingfisher Airlines suffered severe hardship today as the beleaguered carrier cancelled several flights from some key cities and completely shut down operations from Kolkata, including international flights, for about ten days.
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Live Blog: Vijay Mallya on Kingfisher crisis
The board of troubled carrier Kingfisher Airlines met Monday to take stock of mounting losses and chalk out possible ways to reduce its debt burden in order to keep the airline afloat. The marathon meeting ended inconclusively late last night. Vijay Mallya, Chairman of Kingfisher Airlines Limited, is expected to give out details of the debt restruc...
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What Made IDBI Give Rs 900 Crore To Vijay Mallya? Curious Case Of 2 Notes
When Vijay Mallya's Kingfisher Airlines was given a 900-crore loan by state-run lender IDBI, it was already entangled in a full-blown financial crisis. The loan was granted in 2009 - in March that year, the airline had declared losses of nearly 1,600 crores.
-
Kingfisher Airlines to pay Rs 14,000 to flier for loss of luggage
Kingfisher Airlines has been asked by a consumer forum in New Delhi to pay a compensation of Rs 14,000 to a flier for losing his luggage in transit from Srinagar to Delhi.
-
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...
-
Vijay Mallya writes to Kingfisher employees: Read letter
In an internal letter to Kingfisher Airlines' employees, chairman Vijay Mallya has said he has arranged funds to pay overdue salaries. He added that the delay in payments is a "source of great personal sorrow".
-
Kingfisher Airlines grounds more flights, passengers suffer
Passengers of Kingfisher Airlines suffered severe hardship today as the beleaguered carrier cancelled several flights from some key cities and completely shut down operations from Kolkata, including international flights, for about ten days.
-
Live Blog: Vijay Mallya on Kingfisher crisis
The board of troubled carrier Kingfisher Airlines met Monday to take stock of mounting losses and chalk out possible ways to reduce its debt burden in order to keep the airline afloat. The marathon meeting ended inconclusively late last night. Vijay Mallya, Chairman of Kingfisher Airlines Limited, is expected to give out details of the debt restruc...
