Browsing Tag

Vijay Mallya

Kingfisher Airlines reports $380 Million Loss

Liquor baron Vijay Mallya’s Kingfisher Airlines Ltd, which was grounded since October 2012, has reported yet another quarter of loss to the tune of $380 million. While the debt-ridden Airlines is yet to win regulatory approvals from the…

Kingfisher Airlines Loses Permit to Fly

TNI Bureau: Cash strapped Kingfisher Airlines has lost its permit on Monday to fly after a deadline to renew its suspended licence expired. Directorate-General of Civil Aviation, DGCA, chief Arun Mishra told to media  that the…

Kingfisher Airlines in Deep Crisis

TNI Bureau: Financial crisis driven Kingfisher Airlines last night declared a partial lock-out with immediate effect and suspended flight operations till 4th October. As many as 50 flights were cancelled with pilots joining the striking…

Can Vijay Mallya revive Kingfisher Airlines?

TNI Bureau: Analysing the current situation of the cash-strapped Kingfisher, it is quite obvious that Vijay Mallya may not be able to survive unhurt without Diageo. The excellent but poorly managed Kingfisher airline is struggling to stay…
error: Content is protected !!