Articles tagged “kingfisher”

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It’s no surprise that Kingfisher is extending its lockout past October 20 deadline

The striking employees relayed mixed signals on the process of meetings with management, but Kingfisher’s problems aren’t close to over even if employees are paid withheld salaries and return to work.

8 years ago

“King of Good Times” Vijay Mallya is $2 billion in debt and there’s an arrest warrant with his name on it

“King of Good Times” Vijay Mallya is $2 billion in debt and there’s an arrest warrant with his name on it

Tom Cary, The Daily Telegraph

Mallya is now liquidating any and all of his assets to cover personal and business debts, but even if they are resolved and Kingfisher makes a turnaround, his reputation will likely never be repaired.

8 years ago

Kingfisher starts selling tickets in the face of aviation regulations and common sense

Kingfisher starts selling tickets in the face of aviation regulations and common sense

Indian travel site makemytrip.com is selling the tickets for Oct. 13, supposedly the day after the crew strike is set to end, but anyone foolish enough to book that flight doesn’t deserve to reach their destination.

8 years ago

Kingfisher won’t fly until October 12, extends lock-out until strike ends

Kingfisher won’t fly until October 12, extends lock-out until strike ends

Samantha Shankman, Skift

It’s not just the strike that’s keeping Kingfisher’s fleet grounded. India’s aviation ministry has supported the striking workers by suspending the airline’s ability to fly until it starts paying back employees.

8 years ago

Kingfisher’s troubles deepen: no flying until wages paid, aviation minister not happy

The Indian government is now fed up with Kingfisher and Vijay Mallya, and this can't be good for any solution that the company comes up with.

8 years ago

India’s Kingfisher airlines is grounded, for now

Is this it? Is this the end of the long national aviation nightmare called Kingfisher? It should be.

8 years ago

Kingfisher has the gumption to ask lenders for more money after 5 years of losses

Anto Antony and Karthikeyan Sundara, Bloomberg

Vijay Mallya must be feeling hopeful after talks of foreign airlines looking to invest in his bankrupt airline began, but it’ll be a miracle for the airline to get the $600 million it desperately needs.

8 years ago

Vijay Mallya claims there’s someone brave enough to invest in Kingfisher

Vijay Mallya claims there’s someone brave enough to invest in Kingfisher

The recent policy reform that allows foreign investors a 49 percent stake in domestic airlines may be the saving grace for Kingfisher, which has withered to India’s smallest airline due to a mountain of debt and flight cancellations.

8 years ago

Foreign investors aren’t very interested in aiding the ailing airlines in India

Foreign investors aren’t very interested in aiding the ailing airlines in India

SpiceJet’s clean and profitable reputation makes it the number one choice for investors, but few are interested in infusing capital into airlines piled high in debt with a reputation of contemptuous staff.

8 years ago

Foreign airlines are given the green light to invest (read: save) Indian carriers

Foreign airlines are given the green light to invest (read: save) Indian carriers

There are huge opportunities for growth in the Indian market, but few foreign airlines have the financial fortitude to take on an ailing airline like Kingfisher, which had pushed for the ban’s removal.

8 years ago

The Kingfisher saga continues: Delhi-based engineers strike over salary delay

The Kingfisher saga continues: Delhi-based engineers strike over salary delay

It'll be difficult for flights to get off the ground with no pilots or engineers, and since Vijay Mallya refuses to meet with lenders, it seems it’s only a matter of time before the airline is dissolved.

8 years ago

Kingfisher pilots from Mumbai go on strike indefinitely

Kingfisher pilots from Mumbai go on strike indefinitely

The pilots haven't been paid since March so it's impressive they've even made it this long, but they'll be sure to get their point across stopping flights from Mumbai, one of Kingfisher’s major hubs.

8 years ago