More trouble brewing for the cash-strapped airline Kingfisher as the service tax department freezes some more bank accounts for missing the deadline to clear the pending dues.

According to sources, t

Beleaguered Kingfisher Airlines cannot be closed down just because it is making losses and banks are not helping it out with funds, Civil Aviation Minister Ajit Singh said on Wednesday.

"You ca

Kingfisher Airlines is talking with two foreign carriers about a potential rescue package that could be announced within days, Kingfisher's chairman, Vijay Mallya, said in an interview with the Times

Kingfisher Airlines, owned by Indian liquor baron Vijay Mallya, is in talks with two foreign carriers, including International Airlines Group (IAG)-- the owner of British Airways and Iberia -- for

State Bank of India (SBI), the lead lender to Kingfisher Airlines will not consider any fresh loans for the debt-laden carrier until it raises new equity itself, a senior executive of the state-owned bank said.

Kingfisher Airlines, which is now operating much lesser number of flights than in November, would not operate direct flights to some major cities and several Tier-II cities now on, as per the truncate

In his two months so far in office, civil aviation minister Ajit Singh has moved swiftly to push through policy decisions that will help the financially-ailing Indian aviation sector. Speaking to Srid

As Kingfisher Airlines careens toward collapse, the central government finds itself between a rock and a hard place.

The government, already weakened by a string of corruption scandals over the past

Debt-ladden Kingfisher Airlines Ltd has received recapitalisation offers worth Rs 8 billion from two Indian investors, the Times of India said on Saturday, citing the carrier's chairman Vijay Mallya.

Cash-strapped Kingfisher Airlines has to pay Rs. 40 crore dues in indirect taxes by March 31, Central Baord of Excise and Customs (CBEC) Chairman S.K. Goel said on Wednesday.

"Kingfisher had an outs