Cash-strapped Air India and Kingfisher suffered a major blow on Thursday, when Mumbai’s service tax department froze the bank accounts for non-payment of dues.
According to the service tax depa…
Tags: India Share market, India Shares
Kingfisher Airlines
Posted on December 02nd, 2011 in Aviation Sector, India News, India Shares, Kingfisher Airlines, Vijay Mallya
Cash strapped carrier Kingfisher Airlines is still pursuing negotiations with a domestic investor as a part of its efforts to raise funds but it could take time to fix a timeline for it, carrier’s chairman Vijay Mallya revealed on Friday. read more
Tags: India Share market, India Shares
Posted on February 14th, 2010 in Aviation Sector, India Shares, Jet Airways, Kingfisher Airlines, Paramount Airways, SpiceJet
Directorate-General of Civil Aviation (DGCA) released data that reported Domestic Indian carriers witnessed a 23% jump in air traffic in January with traffic of 41.41 lakh passengers as compared with 33.76 lakh passengers in recorded in January last year.
Tags: India Share market, India Shares
Posted on February 11th, 2010 in Aviation Sector, Company Updates, India Shares, Kingfisher Airlines
The Economic Times reported on Thursday that the Vijay Mallya-promoted Kingfisher Airlines Ltd. is likely to come out with a rights issue, offering shareholders one equity share for every one they hold to raise nearly Rs 4 billion.
In addition, the newspaper reported that the funds focus at the retiring of the mounting debt, citing sources close to the development.
Tags: India Share market, India Shares
