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Kingfisher CEO gets Rs 4 crore pay package; headcount halves


New Delhi: Grounded for almost a year now, Kingfisher Airlines has given its CEO Sanjay Aggarwal a pay package of nearly Rs 4 crore for the last fiscal, during which its headcount nearly halved to 2,

Kingfisher's Q1 net loss widens to Rs 1,156.91 crore

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Mumbai: Kingfisher Airlines, grounded since October last year, on Wednesday reported net loss at Rs 1,156.91 crore for the quarter ended June 30, 2013.
The company had reported a net loss of Rs 650

Vijay Mallya may be prosecuted


The indirect tax department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case.
“Prosecution is definitely a provision

Grounded Kingfisher's shareholder base zooms to record high

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New Delhi: In a logic-defying trend, the number of shareholders at Kingfisher Airlines has zoomed to a record high level of about 2.4 lakh investors even as the carrier has remained grounded for over

AAI to release deregistered KFA planes after govt nod


State-owned airport operator AAI will release the deregistered leased aircraft of the grounded Kingfisher Airlines for the lessors to fly them back only after permission from the civil aviation ministry.

Vijay Mallya meets staff after threat

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Mumbai: In the backdrop of their threat to file a winding up petition in court, Kingfisher Chairman Vijay Mallya today met a group of pilots and engineers and is understood to have told them he was t

Won’t go by Kingfisher’s “empty promises”: AAI


Spelling fresh trouble for beleaguered Kingfisher Airlines, state-run Airports Authority of India(AAI) has said it will not go by the “empty promises” of the airline management and would insist on clearance of its dues before the carrier is allowed to fly again.

Kingfisher needs at least $186m to restart: Ajit

Kingfisher Airlines needs at least 10 billion rupees ($185.65 million) to restart its grounded operations and must also demonstrate an ability to sustain itself for at least 6 months, India’s civil aviation minister said on Tuesday.

Kingfisher moves SC on payment of TDS to IT Dept

New Delhi: Vijay Mallya-owned Kingfisher Airlines on Wednesday approached the Supreme Court challenging the Karnataka High Court’s order directing it to deposit around Rs. 185 crores with the Income

Employees move court for Kingfisher Airlines closure

Mumbai/New Delhi: Beleaguered Kingfisher Airlines on Wednesday faced fresh trouble with its employees deciding to move court seeking a formal closure of the company if it did not spell out future pla

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