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Lenders to start recovery of Kingfisher Airlines' loans

Kingfisher lenders, on Tuesday,decided to start the process of recovering Rs. 7500 crore outstanding loans from the grounded airline, saying the company has...

Kingfisher Airlines' employees urge Yuvraj not to play for RCB in IPL

Feb 15, 2014    

Mumbai Employees' union of the grounded Kingfisher Airlines, which has not paid its workers for the past 18 months, has appealed to cricketer Yuvraj Singh not to play for Royal Challengers Bangalore (RCB) in the forthcoming IPL championship on "moral grounds."RCB, owned by airline chairman Vijay Mallya, had bought Yuvraj for a whopping Rs 14 crore during the first round of auction held in Bangalore last week."We have not been paid by Kingfisher Airlines for the last 18 months... Rs 14 crore paid to you could have fed 15,000 mouths. It's now up to you to decide whether to turn a ...

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