Kingfisher Fuel

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  'Genuine' Business Failure Of Kingfisher Now A 'Nightmare': Vijay Mallya

  Beleaguered liquor baron Vijay Mallya said Kingfisher Airlines has turned out to be a 'nightmare' and blamed government's adverse taxation policies and higher fuel prices for the business failure.

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  Government Comes to SpiceJet's Rescue, Airline Gets More Time to Pay Bills

  Loss-making airline SpiceJet Ltd won a crucial reprieve from clamouring creditors on Tuesday, after the government asked airport operators and fuel suppliers to give the carrier more time to pay its bills.

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  SpiceJet, Jet Airways Surge on Hopes of Fuel Tax Cut

  SpiceJet shares traded with over 10 per cent gains, while Jet Airways jumped 6.6 per cent. Grounded Kingfisher Airlines also traded 5 per cent higher.

• Year in review: How 2012 fared for India Inc.

  The year 2012 saw both ups and downs for India Inc. While the first half saw sentiment plummet after economic growth dropped to a three-year low, the second half saw renewed optimism as the government finally kick-started its stalled reform agenda by allowing foreign direct investment in retail along with a hike in fuel prices to curtail its burgeo...

• Kingfisher Airlines shutdown will cause a lot of collateral damage: Ajit Singh

  The factors with the biggest weightage in air fares are aviation turbine fuel (ATF) and the airport charges. ATF alone constitutes 40 per cent of the running cost of the airlines.

• Govt allows private firms to use PSU-owned jet fuel facilities

  After allowing domestic airlines to import ATF directly, the government has decided to permit private firms to use PSU-owned jet fuel facilities like refueling terminal and storages at Chennai and Kolkata airports.

• Kingfisher Airlines shares fall on hike in jet fuel prices

  Jet fuel constitutes over 40% of an airline's operating costs and the increase in prices will put fresh burden on the cash-strapped airlines.

• Airline shares fall on fuel price hike reports

  Airline stocks plunged on reports state-owned oil companies have raised ATF prices by about 1.7 per cent

• Kingfisher, Jet shares jump on lower fuel tax hopes

  The civil aviation ministry had proposed earlier to slash taxes on jet fuel, which would help bring down costs.

• Profit Top 10: Rupee breaches 56-mark; Inflation at unacceptable levels, warns RBI

  If you missed our coverage, here are the top 10 stories of the day.

• Kingfisher Airlines flights grounded as oil firm stops fuel supply

  The airline, which pays HPCL Rs 3.5-4 crore daily for jet fuel, owes the supplier Rs 450 crore in dues.

• Airline stocks take off on cut in jet fuel prices

  Aviation stocks soared by up to 8.5 per cent as state-owned oil companies cut jet fuel prices by 2 per cent.

• Kingfisher shares fall to record low on q4 net loss

  Shares in cash-strapped Kingfisher Airlines' fell more than 4 per cent to a record low, a day after saying net loss more than tripled in the January-March quarter because of higher fuel prices and a weaker rupee.

• Kingfisher Airlines posts worst-ever quarter; no funding in sight

  Kingfisher Airlines' net loss more than trebled, battered by high fuel prices and a weakened rupee.

• Govt permits 3 airlines to directly import 12.65 lakh kilo litres ATF

  Kingfisher Airlines, SpiceJet and IndiGo have been permitted to directly buy jet fuel from foreign sources.