Passengers of Kingfisher Airlines suffered severe hardship on Saturday as the beleaguered carrier cancelled several flights from some key cities and completely shut down operations from Kolkata, inclu

Auditors of Kingfisher Airlines, which posted a net loss of Rs444.26 crore for the third quarter of this fiscal, have once again raised concern over its ability to stay afloat and said it would need t

State-run Air India AIN.UL owes the Airports Authority of India (AAI) 12 billion rupees while debt-laden private carrier Kingfisher Airlines (KING.NS) owes 2.35 billion rupees, AAI Chairman V.P. Agraw

State Bank of India (SBI) on Tuesday said it will be difficult for lenders to provide more funds to debt- ridden Kingfisher Airlines unless the airline pays Rs100 crore to restore a bank guarantee inv

UB Group will consolidate its foreign alcohol assets ahead of an overseas listing of the brands, the Economic Times reported on Monday, but UB said any listing would not be to assist the group's strug

The troubles of cash-strapped Kingfisher Airlines worsened on Friday with another lender classifying its loan to the Vijay Mallya-promoted company as "sub-standard", a day after State Bank termed the

Cash-strapped carrier Kingfisher Airlines has not deposited with the government most of the income tax it deducted from its employees' salaries for the last two fiscal years, Minister of State for Fin

The government on Tuesday said state-run banks have lent Rs.6,901.86 crore to the cash-strapped Kingfisher Airlines.

Minister of State for Finance Namo Narain Meena said public sector banks (PSB) had

Banks have no plans to carry out a second round of debt restructuring of the ailing Kingfisher Airlines which has an outstanding loan of around Rs6,419 crore, the Parliament was informed on Friday.

Several players have a stake in ensuring that the embattled Kingfisher Airlines, owned by liquor baron Vijay Mallya, does not go under.

Banks that have lent the airline money are looking at ways to