Tag: DGCA

DGCA sanctions Kingfisher Airlines’s revised flight schedule

Mar. 02 Business Comments Off

Finally approval from the Airports Authority of India (AAI) and the Directorate General of Civil Aviation (DGCA) has made to the revised schedule of cash scrapped Kingfisher Airlines.

Last week DGCA had pulled up CEO of KFA, Sanjay Aggarwal by issuing a notice for not revealing schedule of flights and not defining reasons of the sudden flight cancellations.

On February 22, Sanjay met DGCA chief E.K. Bharat Bhushan, submitting a copy of its revised schedule and had formally announced a sharp drop in their operations. Read more

Tags: Airports Authority of India, Aviation Minster Ajit Singh, , , Directorate General of Civil Aviation, , , , Kingfisher flights, , Sanjay Aggarwal

KFA still to submit revised schedule to DGCA

Feb. 22 Business Comments Off

Sometime a little hope proves to be a successful fact, and this has come true for crisis-hit Kingfisher Airlines. KFA was waiting for SBI’s relief package that will help it for resolving its disruptions in operations.

Now its hope for relief will going to be fulfill because as per KFA’s expectations, today prominent banks that have lent to the airline have reportedly decided to provide a relief package to it.

As per source report, the State Bank of India, including bank guarantee and loan repayment extension, will provide Rs.1200 crore relief package to Kingfisher out of which nearly Rs. 700 crore will be provided in working capital loans.

However yesterday after declaring losses of 444 crores in Q3 with current debt of 1.3 billion dollars or Rs. 7,057.08 crore, KFA had failed to get support of 18 banks that have lent to it by convert more loans into equity. Read more

Tags: , , , , , , relief package, ,

Kingfisher Airlines crisis: cancellations continue, pilots resign

Feb. 21 Business Comments Off

As per latest business news, Vijay Mallya’s Kingfisher Airlines crisis continued in the fourth disruption day of flights cancellation.

On this consecutive day, more than 23 flights have cancelled out of them 15 are from Mumbai and 8 flights from Bangalore.

To explain the continuous disruptions in the operations of KFA, Kingfisher airlines CEO Sanjay Aggarwal has met to the directorate general of civil aviation (DGCA) as accordance to summon issued on Monday.

The crisis is because of undue payments for many months to employees. The cash-strapped carrier has defaulted on payments to oil companies and airports too due to having no profits from last few years. Read more

Tags: , CEO Sanjay Aggarwal, , , , Kingfisher Airlines crisis, , , Vijay Mallya's Kingfisher Airlines

The Airline has not shut down: Kingfisher Airlines

Feb. 19 Business Comments Off

The business sector investors of Kingfisher Airlines have no need to worry about its sloping down performance because despite flight disruptions in the past couple of days, Kingfisher has not quit any stations from its schedule.

As per declaration made by the beleaguered privately-run Kingfisher Airlines (KFA) on Sunday, it has not shut down, nor does it plan to close down any stations, despite flight disruptions are expected to continue for another three to four days with only 208 flights in operation.

KFA declaration comes during the Directorate General of Civil Aviation (DGCA) has started an enquiry into the cancellation of Kingfisher Airline flights on Sunday. Read more

Tags: , , Directorate General of Civil Aviation, , , ,

Advertise With Us || Contact Us || Priyacy Policy || Disclaimer || About Us || Our Editors