In depth coverage of Kingfisher crisis from Business Today
Business Today
Kingfisher Crisis

Lenders to Kingfisher Airlines, whose combined exposure of nearly Rs 7,500 crore is at risk, have said they will go in for recovery measures only as the last resort and expressed hope that its promoters will be able to find an investor and resume operations.

The Directorate General of Civil Aviation had issued a notice to Kingfisher, seeking a reply about its plans to restart operations and to pay the employees salaries.
The management of Kingfisher Airlines met its employee representatives on October 17 and is likely to meet again next week.
The meeting, scheduled in Mumbai, is likely to be attended by top officials of the parent company, UB Group, apart from the airline top-brass.
Kingfisher Airlines shares fell about 5 per cent after the company's meeting with the striking employees failed to resolve the deadlock.
A Hyderabad court has issued a non-bailable warrant against Kingfisher Airlines' Chairman Vijay Mallya and five others in a cheque bounce case.