Kingfishercrisis

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Kingfishercrisis - Total results - 37
Dark Diwali at Kingfisher as Mallya fails to pay May salaries
Business

Dark Diwali at Kingfisher as Mallya fails to pay May salaries

Around 3,000 employees of the near-bankrupt Kingfisher Airlines were left in the dark on Diwali after the management failed to pay their May salary, despite its commitment that their dues will be cleared by the festival.

Auditors warn Kingfisher losses could have hit Rs 1,032 cr
Business

Auditors warn Kingfisher losses could have hit Rs 1,032 cr

Flagging concern over the financials of Kingfisher, its auditors said the losses could have been Rs 1,032 crore if it had followed certain accounting standards.

Kingfisher loss widens to Rs 754 cr, will revival plan be enough?
Business

Kingfisher loss widens to Rs 754 cr, will revival plan be enough?

The airline posted a record net loss of Rs 754 crore for the September quarter, compared with a loss of Rs 469 crore a year earlier. The net loss includes one-time cost of Rs 448 crore, the carrier said.

Kingfisher revival plan to be submitted to DGCA in few weeks
Business

Kingfisher revival plan to be submitted to DGCA in few weeks

It would have to submit to DGCA a financial and operational plan to revive the airline and its operations. The services can be restored only after the regulator is convinced that the carrier can provide safe and sustainable operations.

Should media stop publishing 'likely' stories on Mallya?
Business

Should media stop publishing 'likely' stories on Mallya?

Would it not be better if the media stop publishing stories about Mallya and his group companies until something concrete is known from the company?

Kingfisher pays second month's salary dues to staff
Business

Kingfisher pays second month's salary dues to staff

Kingfisher Airlines has paid the second installment of salary overdues to its employees today while the third month's dues are still pending. The management has promised to clear the third installment by Diwali.

Mallya meets aviation secy, hopes all hurdles will be crossed
Business

Mallya meets aviation secy, hopes all hurdles will be crossed

Vijay Mallya today met aviation secretary K N Srvastava and briefed him of a plan to revive and restart the grounded Kingfisher Airlines

KFA crisis: Mallya is not even sure of the Diageo deal!
Business

KFA crisis: Mallya is not even sure of the Diageo deal!

Mallya has been scrambling to raise funds for his ailing Kingfisher Airlines Ltd , and has been in talks with the maker of Johnnie Walker whisky and Smirnoff vodka to sell a stake in United Spirits.

Kingfisher's long, winding path to flight resumption
Business

Kingfisher's long, winding path to flight resumption

Unless all those whose business has been affected by Kingfisher's near demise agree to waive off some loans and stand by the airline, it may find it tough to fly again despite employees returning to work.<br /><br />

KFA engineers resume work, accept wage settlement offer
Business

KFA engineers resume work, accept wage settlement offer

SC Mishra, co-coordinator, the Kingfisher Employees Union in Delhi, said engineers have decided to rejoin work. As per his knowledge, pilots would also accept the terms of settlement, but Mishra refused to confirm

KFA-like casualties happen, but there is a way to deal with them
Business

KFA-like casualties happen, but there is a way to deal with them

Here's a peak into the minds of Kingfisher's lenders.

Will Mallya keep his promise to pay a month's salary today?
Business

Will Mallya keep his promise to pay a month's salary today?

Where will the airline, which has been saying it can only clear a months' dues, get the money to clear salary dues for two more months?

Kingfisher's villains: DGCA, bankers, and Ajit Singh
Business

Kingfisher's villains: DGCA, bankers, and Ajit Singh

There is no one villain in the Kingfisher tragedy. Everyone, from the regulator to bankers to the ministry failed.

Kingfisher: Will staff protest bring mighty Mallya to his knees?
Business

Kingfisher: Will staff protest bring mighty Mallya to his knees?

Employees feel the KFA management would not accept their demands, unless cornered, which is why they have decided to protest at the Greater Noida F1 Grand Prix

KFA extends lockout till 23 Oct, may resume ops on 6 Nov
Business

KFA extends lockout till 23 Oct, may resume ops on 6 Nov

The airline failed to submit financial recovery plans to the Directorate General of Civil Aviation and has also extended the temporary shutdown of its entire fleet till 23 October.

Kingfisher inches closer to losing flying permit
Business

Kingfisher inches closer to losing flying permit

The airline has time till Saturday to submit a revival plan to the aviation regulator DGCA, but no negotiations are scheduled with striking employees before that.

DGCA rejects Kingfisher's winter schedule
Business

DGCA rejects Kingfisher's winter schedule

The airline last year had a departure rate of 2,930 flights per week, but has ever since reduced capacity due to financial constraints, mounting debt and an exodus of employees.

Kingfisher to extend deadline to restart ops, talks with staff fail again
Business

Kingfisher to extend deadline to restart ops, talks with staff fail again

Kingfisher said last week that its planes, grounded since October 1 after an employee protest turned violent, would not fly until October 20.

Will govt wait until Dec to act on Kingfisher licence?
Business

Will govt wait until Dec to act on Kingfisher licence?

Do not expect a clear answer to this question for a few more months, though the government is seeking legal views on cancelling the flying licence of the airline.

Kingfisher top brass to meet striking staff today
Business

Kingfisher top brass to meet striking staff today

Employees have been on a strike demanding payment of salaries of seven months and have been insisting that dues be cleared before they resume duty.