Moneycontrol > News > Business

Nov 30, 2012, 08.35 AM IST

D-day for Kingfisher Airlines on Friday: Sources

Tomorrow could be a crucial day for Vijay Mallya's Kingfisher Airlines.

Source: CNBC-TV18
Share Share on Tumblr
Share  .  Email  .  Print  .  A+
D-day for Kingfisher Airlines on Friday: Sources
Tomorrow could be a crucial day for Vijay Mallya's Kingfisher Airlines . CNBC-TV18 learns from sources that after their May salaries weren't paid before Diwali as promised, Delhi-based pilots have written a letter to the management saying that if they do not get their salary by November 30, they will be forced to take action against the airline, including approaching the DGCA, only the ground staff have got their may salaries.


Also, November 30 is the last day that banks have set for Mallya to meet them and present a comprehensive revival plan including bringing in Fresh Capital banks have ruled out fresh equity to KFA which is sitting on a debt of nearly Rs 8,000 crore...several of the airlines creditors including the aai have said that KFA's license suspension should not be revoked unless their dues are settled.


Related News

Set email alert for

Tags: Kingfisher Airlines, Vijay Mallya
GoDaddy launches 'Cup of Coffee' campaign for SMBs in India
Action in Kingfisher Airlines
Set SMS Alerts on Kingfisher Air
Google Glass may use Samsung Display's OLED technology
Araceli Roiz was not hired by me, I met her before she joined: Phaneesh Murthy "Araceli Roiz was not hired by me, I met her before she joined: Phaneesh Murthy"
All-German Champions League final was long overdue
'Barfi!' was easier for me than 'Yeh Jawaani Hai Deewani': Ranbir

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18
News Videos

May 24 2013, 16:42

Rupee may hit 56.5, may see some RBI intervention: Nomura

- in Rupee

May 23 2013, 09:33

Mkt headed lower; time to sell in May and go away: Sukhani

- in Technicals

Follow moneycontrol.com

Facebook Twitter Google Plus RSS Wap SMS SMS Alert iPad iPhone Blackberry OVI Android Window