Aviation
Government okays AI revamp plan; to infuse Rs30,000 cr by 2020
12 Apr 2012
The cabinet committee on economic affairs today approved its turnaround and restructuring plan for Air India, which includes a government bailout of Rs30,000 crore for the airline by 2020 and a restructuring of debt
Cabinet nod for AI turnaround plan likely today
12 Apr 2012
Apart from restructuring its debt, which would ease its interest burden by almost Rs1,000 crore, the ailing national carrier may also be allowed to issue government-guaranteed bonds worth Rs7,400 crore
Airline shares rise on FDI expectations
11 Apr 2012
Will Mallya pay Kingfisher tax dues today?
07 Apr 2012
Kingfisher asked to pay Rs60 crore service tax
04 Apr 2012
Kingfisher employees threaten strike from today
03 Apr 2012
Banks approve financial restructuring plan for Air India
31 Mar 2012
The debt restructuring plan involves conversion of about Rs10,500 crore of the airline's Rs14,000 crore working capital loans to long-term debt
Air India employees withdraw strike call
31 Mar 2012
Mallya may sell UB stake to Heineken; keep Kingfisher airborne
29 Mar 2012
Investment bankers close to Mallya, however, said he was "unlikely to throw good money after bad money."
Air India pilots threaten strike from 2 April
28 Mar 2012
More Konfusion about Konnect
27 Mar 2012
The once premier airline continues to leave its customers feeling short-changed, says financial risk analyst Amit Sukhram, a frequent flyer
Mallya may tap UB distributors for a Rs1,000-crore Kingfisher bailout
27 Mar 2012
Liquor distributors of Vijay Mallya’s UB group are expected to pool in Rs1,000 crore in a last-ditch effort to bail out the beleaguered Kingfisher Airlines
ICICI Bank demands more security from crippled Kingfisher
27 Mar 2012
Kingfisher Airlines had pledged virtually all assets ranging from its brand to helicopters and properties in Goa and Mumbai and even its office furniture for Rs6,400 crore in bank loans
Aviation industry upbeat despite troubles
26 Mar 2012
Air India pilots firm on strike if dues not cleared
24 Mar 2012
The management has assured the unions that they would get their salaries on time from next month and that their arrears would also be cleared soon
Air India launches booking through mobile phone
20 Mar 2012
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