Archive for December, 2011

Investors dump Kingfisher, Jet Airways, GMR stocks

Some of India’s biggest aviation firms GMR Infrastructure (GMR Infra), Jet Airways and Kingfisher Airlines have come under a cloud, forcing investors to dump these stocks last Friday. While GMR Infra was affected by an adverse court ruling in Maldives, Jet and Kingfisher counters witnessed s e...

December 18th, 2011 | Aviation, Default | Read More

33 flying clubs fail to comply with norms

At least 33 flying schools have failed to meet government norms, Parliament was informed. The licences of two clubs have been suspended, and others have been asked to tide over their inadequacies and report to the Directorate General of Civil Aviation (DGCA).

December 18th, 2011 | Aviation, Default | Read More

No second round of debt restructuring for Kingfisher

Banks have no plans to carry out a second round of debt restructuring of the ailing Kingfisher Airlines which has an outstanding loan of around Rs 6,419 crore, Parliament was informed. ” State Bank of India, leader of the consortium (of 11 lenders to Kingfisher), has stated that at present, there...

December 18th, 2011 | Aviation, Default | Read More

Kingfisher Air Pledges Brand, Furniture

Kingfisher Airlines Ltd., the Indian carrier seeking cash after losses, pledged assets ranging from its brand to office furniture for bank loans of as much as 64.2 billion r u p e e s ( $ 1 . 2 b i l l i o n ) . A luxury villa in the western Indian state of Goa, two helicopters, a building in Mumbai...

December 18th, 2011 | Aviation | Read More
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