Dgca On Kingfisher

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  Kingfisher's Flying License to Expire on December 31: Report

  The Vijay Mallya promoted full service carrier is grounded since October 2012, and lost its flying license on December 31, 2012 following refusal by the civil aviation regulator Directorate General of Civil Aviation (DGCA) to renew it after the airline management failed to come up with a "satisfactory" plan of operations.

• I don't have money to pay your dues: Vijay Mallya tells staff

  The employees of the grounded airline have been on a hunger-strike since yesterday at the Kingfisher House seeking salaries which have not been paid since last August.

• Kingfisher can't operate on cash and carry basis until dues are cleared: AAI

  In its revival plan submitted to the DGCA yesterday, the cash-strapped airline is understood to have said that it has requested the AAI to allow it to fly on cash and carry basis, i.e., pay for the services as and when the airline avails of them.

• Kingfisher Airlines stock up 5%, hits upper circuit

  Buoyed by the move, shares of the carrier jumped 4.9 per cent to Rs 7.91, its highest trading permissible limit for the day on the BSE.

• Delhi High Court tells DGCA to deregister two aircraft leased to Kingfisher Airlines

  Citing a previous judgement on the issue, the court said the DGCA cannot withhold the deregistration of the aircraft on the ground that the airlines owe money to the government and its agencies.

• Kingfisher attempting to renew flying permit, CEO tells aviation regulator

  Beleaguered Kingfisher Airlines is looking to renew its airline operation permit, its CEO Sanjay Aggarwal told the civil aviation secretary and regulator director general of civil aviation (DGCA) in a meeting on Thursday, sources told NDTV Profit. Kingfishers licence has been suspended since December 31 last year after the airline failed to come up...

• Kingfisher stock hits upper circuit in afternoon trade

  Shares of Kingfisher Airlines today surged as much as 5 per cent to hit the upper circuit limit in the afternoon trade on the stock exchanges after the cash-strapped carrier started paying salaries to some of its employees.

• Lenders to recall Kingfisher loans: Top 10 developments

  Kingfisher Airlines' lenders on Tuesday decided to start the process of recovering their Rs 7,500 crore outstanding loans from the grounded airline, saying the company had failed to come up with a feasible plan to restart operations.

• Kingfisher shares fall on third quarter loss of Rs 755 crore

  Kingfisher Airlines announced a net loss of Rs 755 crore for the third quarter ended 31 December, 2012, when it did not operate a single flight.

• Small investors hike Kingfisher stake, foreign investors deplane

  Small individual investors and high net worth individuals (HNIs) have been on a share buying spree in Kingfisher Airlines despite the ailing carrier having been grounded for the past four months after its licence was suspended.

• Kingfisher needs at least Rs 1,000 crore to restart operations: Aviation minister

  Civil Aviation Minister Ajit Singh today said that mere payment of salaries will not be enough for debt-ridden carrier Kingfisher Airlines to restart operations. "The airline needs at least Rs 1,000 crore for restarting operations," he said.

• Kingfisher Airlines gets NoC from oil firms, leasers to fly again; shares up

  This was Mr Agarwal's first meeting with the regulator after the airline's flying permit expired on December 31. The DGCA had suspended the airline's licence to fly in October after months of cancelled flights and staff walkouts.

• Kingfisher employees may move court with winding-up petition

  The employees also sought a status update on the renewal of the airline's licence, which expired on December 31 after the airline failed to convince the Directorate General of Civil Aviation (DGCA) about its turnaround plan.

• Bankers oppose Kingfisher's revival plan

  A consortium of lenders, led by State Bank of India, today opposed ailing Kingfisher Airlines' plan to resume operations and insisted on "better commitments" from the carrier.

• Kingfisher Airlines must convince DGCA to fly again: Ajit Singh

  Two days after Kingfisher Airlines flying licence expired, Civil Aviation Minister Ajit Singh reiterated the need for the airline to convince the aviation regulator with a revival plan for renewal of its permit. -If Kingfisher wants to fly again, they have to satisfy the DGCA,- Mr Singh told reporters on Wednesday.