Kingfisher Airlines Financial Troubles

• Fund transfer from United Spirits to Kingfisher Airlines on track, Mallya says after meeting Chidambaram

  Mr Mallya met Finance Minister P Chidambaram today to discuss the financial troubles the carrier is facing.

• Indian aviation sees yet another year of turbulence in 2012

  Indian aviation industry witnessed tumultuous developments in 2012 with the grounding of Kingfisher Airlines and financial trouble hitting Air India and other carriers even as a prestigious airport project contract bagged by a leading Indian infra firm was terminated by the Maldivian government.

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  Kingfisher Airlines may run into fresh troubles over delay in salary payments.

• Kingfisher pilots report sick in protest, many flights cancelled

  Kingfisher passengers faced a fresh hell today as at least 40 flights were cancelled. The crisis was created by pilots who called in sick to highlight that their salaries have not been paid for several months. Eleven flights were cancelled out of Mumbai alone.

• Kingfisher Airlines' issues statement after being suspended

  In a statement issued by the company in response to the International Air Transport Association (IATA) decision to suspend the airlines from its clearing house due to non-payment of dues, the airlines said that they were working with the tax authorities and that they expected the accounts to be un-attached soon.

• Government working on policy package for troubled airlines

  With Air India and Kingfisher going through their worst crises, the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources said today.