Tag: Kingfisher Airline

KFA Asset crisis: Lenders start USL shares sales, Mallya files suit

On ground, Share of cash-strapped Kingfisher Airline’s parent United Spirits has started selling by the 17-lender consortium led by State Bank of India (SBI). Read more

Kingfisher loses Rs 755 crore as planes sit idle

Debt-ridden Kingfisher Airlines has reported a net loss of Rs. 755.17 crore in its the third quarter ended December 31, 2012, following a complete grounded row after losing flying license. Read more

Kingfisher gets NOC from Oil Companies

Seeming a little bit hope for debt laden Kingfisher Airlines as Oil companies has been given a “no objection certificate” to it and some aircraft leasing companies to restart operations, according to a source report. Read more

Kingfisher ready to fly, submits interim revival plan

Kingfisher 150x150 Kingfisher ready to fly, submits interim revival plan Seeking to revoke its suspended flying licence after being grounded fro three months, beleaguered Kingfisher Airlines today submitted its interim revival plan to aviation regulator DGCA just ahead of expiry of its validity on 31 December.

Moreover, DGCA is on examination of KFA financial and operational plan submitted by CEO Sanjay Aggarwal and still no response has given by the regulator. If in favor of airline, it would expect to benefit airline another six-eight weeks to restart operations. Read more

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