Tag Archives: Vijay Mallya

Banks give 15-days revival plan, may sell Vijay Mallya’s Goa villa

One by one more blow has been raise on the debt laden KFA as today, source reported, all the banks from them airline had raised the loans decided to sell off Kingfisher’s non-core assets to recover their debts. In the list of Kingfisher’s non-core assets, Mumbai’s House of Kingfisher and CEO Vijay Mallya’s villa in [...]

Royal Challengers Bangalore’s Luke Pomersbach accused of molesting woman at posh Indian hotel

The Delhi police have arrested Australian cricketer Luke Pomersbach, who plays for Royal Challengers Bangalore in the Indian Premier League [IPL 2012], for allegedly molesting a woman and beating up her fiance at a posh New Delhi hotel. The 27-year-old batsman from Australia, who has also played for Australia’s Twenty20 side, is currently in India [...]

Kingfisher Airlines in talks with tenants to avoid exile

The most debt overloaded Kingfisher Airlines whose 23% equity stake is of Banks, is under serious critical situation as all its lenders left out their hands from any assurance in finance to the airlines due to nonpayment of dues for over six months now. Being afraid of grounding, KFA has decide to meet within next [...]

Vijay Mallya promises salaries by 4th April, cancels 10 fights

Kingfishers, the cash –scrapped airline is now completely under grounded situation as Monday called a full lock out day for it as a number of pilots, engineers, cabin crew and staff refused to call on duty in form of protest outstanding salaries payments. This denied has cancelled ten flights from Mumbai and Delhi, fearing to [...]

International investors not confident about India: Vijay Mallya

Threatening to government economy, the cash-scrapped airline Kingfisher pointed on the economic image of India in global market. KFA, which is seeking in a position to ground down, still showing great but fake confidence and challenged the government as lobbying hard to allow foreign airlines to invest in domestic carriers. Vijay Mallya, the airline promoter [...]

KFA still to submit revised schedule to DGCA

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 [...]

Kingfisher Airlines crisis: cancellations continue, pilots resign

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 [...]

Vijay Mallya demands Rs 400 crore loan from SBI

On Friday, The chairman of Kingfisher’s airline, Vijay Mallya, had troubled to fight the battle on multiple fronts. In international market, Mallya is the business man, who compared with flamboyant British entrepreneur Richard Branson. Though, his company is now going through tough time and facing some financial disaster. By putting all things in the right [...]