Kingfisher Bailout

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  "Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks

  Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.

• Kingfisher says organised funds to pay salaries

  Kingfisher Airlines has organized funds to pay overdue salaries, Chairman Vijay Mallya told staff in an email, offering assurances that he would reward employees who stay committed to the debt-crippled carrier. Separately, Mallya told the Times newspaper in London that Kingfisher was in talks with two unidentified foreign carriers about equity tie-...

• Vijay Mallya writes to Kingfisher employees: Read letter

  In an internal letter to Kingfisher Airlines' employees, chairman Vijay Mallya has said he has arranged funds to pay overdue salaries. He added that the delay in payments is a "source of great personal sorrow".

• No decision on fresh loans to Kingfisher by SBI

  SBI is studying a viability report prepared by its investment banking arm, SBI Capital Markets, and any decision on further lending to Kingfisher will be based on that as well as conditional on an infusion of funds into the airline, Deputy Managing Director R. Venkatachalam told Reuters in an interview from his Mumbai office on Saturday.

• Troubles continue for Kingfisher, may lose prime flying slots

  The uncertainty over a quick bank bailout grew with a Federal Bank official saying the 18-bank consortium lenders are looking at the viability of the proposal floated by SBI Caps and that "anything can happen only over the next two to three weeks."

• Cash-strapped Kingfisher Airlines starts operating new flight schedule

  Kingfisher Airlines on Thursday started truncated operations in accordance with its new flight schedule.

• Kingfisher shares fall after lenders say no consensus on bailout

  Kingfisher Airlines’shares shed over 6 per cent on the Bombay Stock Exchange (BSE) after lenders said that there was no decision taken by lenders' consortium to restructuring the debt.

• Lenders say no consensus on Kingfisher restructuring

  While the cash-strapped Kingfisher Airlines continues to cancel flights everyday - 20 were cancelled Wednesday, lending banks have made clear that they have not agreed to extend further loans to the carrier. The government has already said repeatedly that it will not bailout Kingfisher Airlines, which has cancelled many flights all this week leavin...

• RBI not opposed to SBI lending more money to Kingfisher: Deputy Governor

  RBI is not opposed to SBI extending support to the cash-strapped Kingfisher Airlines, its Deputy Governor K C Chakrabarty said.

• Kingfisher crisis: Reports of bank loans, 10 big developments

  Kigfisher crisis, bank loans, bailout

• Bank bailout for Kingfisher hangs in balance

  Lenders to Kingfisher Airlines have not agreed to extend further loans to the debt-crippled carrier, three banking sources said on Wednesday after reports that SBI had agreed on a bailout loan package.

• Good if banks want to loan money to Kingfisher: Civil Aviation Minister

  The government has said repeatedly that it would not bailout Kingfisher Airlines. But there are reports that State Bank of India has suddenly sanctioned a Rs 1,200-crore package for Vijay Mallya’s bleeding carrier. Meanwhile, the airline cancelled at least 20 flights today, most of them out of Mumbai, continuing a trend it began over the weekend...

• Good if banks want to loan money to Kingfisher: Civil Aviation Minister

  The government has said repeatedly that it will not bailout Kingfisher Airlines. But there are reports that State Bank of India has suddenly sanctioned a 1200-crore package for Vijay Mallya's bleeding carrier. Meanwhile, the airline cancelled at least 20 flights today, most of them out of Mumbai, continuing a trend it began over the weekend.

• Kingfisher Airlines shares jump on reports of bailout

  The Vijay Mallya-promoted airline is reportedly getting a Rs 1,200 crore package from State Bank of India.

• SBI to bail out Kingfisher: Reports

  In what may come as good news to crisis-hit Kingfisher Airlines, prominent banks that have lent to the airline have reportedly decided to provide a relief package to it, sources said.