Kingfisher Bailout

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  "Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks

  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.

• 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 crisis: Reports of bank loans, 10 big developments

  Kigfisher crisis, bank loans, bailout

• Good if banks want to loan money to Kingfisher: Civil Aviation Minister

  The government has said repeatedly that it will not bailout Kingfisher Airlines. But there are reports that State Bank of India has suddenly sanctioned a 1200-crore package for Vijay Mallya's bleeding carrier. Meanwhile, the airline cancelled at least 20 flights today, most of them out of Mumbai, continuing a trend it began over the weekend.

• SBI to bail out Kingfisher: Reports

  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.

• Kingfisher cancels 30 flights, Vijay Mallya apologises to passengers

  Under fire for large-scale cancellation of flights, beleaguered Kingfisher Airlines' promoter Vijay Mallya tonight offered his unconditional apology to inconvenienced passengers. "We tried to reach as many as possible, we tried to make alternative bookings, refunds," Mr Mallya told NDTV.

• Did not request Govt for bailout, says Kingfisher

  Is Kingfisher Airlines going the Air India way? The airline cancelled more flights today and its stocks plunged to a lifetime low.

• No government bailout for cash-strapped Kingfisher Airlines

  Is Kingfisher, the country's second-largest private airline, going the Air India way? Sources said the airline has sought Finance Ministry's help on its loans. But the airline maintains it hasn't asked for a government bailout; it has asked banks to increase limits in order to meet escalating operations costs.