Vijay Mallya-controlled airline deducts TDS but fails to transfer amount, income-tax department finds mismatch in refunds claimed by employees.
Indian airline firms are set to benefit from appreciating Rupee, temporary shutdown of Kingfisher, said Bank of America Merrill Lynch in a report.
Kingfisher Airlines has moved its booking timetable on its website to October 20, with a prominent disclaimer warning, “All flights are subject to regulatory approval”.
The management of cash- strapped Kingfisher Airlines sent a mail to all employees asking them to resume work on Oct 13th.
India plans to ask Germany's Lufthansa AG to help Air India join Star Alliance, aviation minister Ajit Singh said on Tuesday.
Aviation regulators of Asia-Pacific countries say financial stress of an airline could lead to safety issues
DGCA may have been reluctant to associate financial stress of domestic airlines with safety but peers from the Asia Pacific region believe that when an airline has a fund crunch, it’s time to act.
Vijay Mallya-controlled airline is yet to respond to regulator's show-cause notice that warns of licence cancellation
Kingfisher has opened ticket bookings on its website from October 13, even as sector regulator DGCA awaits the airline's response to a show-cause notice.
Air navigation system GAGAN to help Jet Airways, Indian Airlines, others to cut fuel cost by upto 20%
GAGAN will catapult India into an elite league in air navigation: this is only the fourth such system in world, after that of US, EU and Japan.
If they are unable to give a satisfactory response, their license stands to be cancelled or suspended, an aviation ministry official said.
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