Promoter of Kingfisher Airlines, Vijay Mallya on Saturday made an announcement regarding the reduction in salaries of 50 trainee co-pilots of Kingfisher. He referred it as another move towards the cost cutting measure to overcome [...]
Kingfisher Airlines
With the government and Vijay Mallya exploring options for allowing Foreign Direct Investment in the aviation sector, there is information that Mallya had started preliminary negotiations with Air France-KLM for selling out 20-25 percent stake [...]
The two biggest private players of the Indian Aviation Industry, Kingfisher and Jet Airways, that entered into a cost-saving coalition on October 13th, have now made an announcement to send around 15 narrow-bodied aircrafts back [...]
Kingfisher Airlines’ Chairman, Vijay Mallya informed that the alliance with Jet Airways is slated to get completely operational in six months from now. He informed that though the efforts were in full swing since the [...]
Kingfisher in its moves towards the strict cost cutting measures has slashed the salaries of pilots by Rs 80000. Earlier a salary of Rs 4.3 lakh per month was provided to a Kingfisher pilot but [...]
Data released on Friday showed that Kingfisher Airlines was the prominent passenger flyer for the second month in a row in February. Nearly 904,000 people flew with the Airlines. This however, was when a fall [...]
Easing of FDI (Foreign Direct Investment) norms, particularly the ones related to External Commercial Borrowings (ECB) is being seen as a threat to India’ growth. Due to relaxing of rules governing the capital inflows, dependence [...]
Kingfisher is doing its rounds of talks with banks to raise Rs.2,000cr that is needed to make up for its cash needs. In this direction, SBI (State bank of India) has agreed to pass on [...]
Kingfisher Airlines, owned by liquor baron Vijay Mallaya has apparently decided to raise capital of around Rs 500 crore through equity. Incidentally the airline currently is reeling under huge debt burden of around six thousand [...]
