Kingfisher Airlines to raise $100 mn

August 5th, 2009 NEW DELHI - Private carrier Kingfisher Airlines has reported a net loss of Rs.1,608.09 crore ($338.5 million) for 2008-09, but said it has plans to raise Rs.500 crore from the equity market. The airline's expenses on employees cost stood at Rs.823.85 crore last fiscal, while expenses on aviation fuel and aircraft lease rental were respectively at Rs.2,602 crore and Rs.1,185.13 crore, Kingfisher said in a regulatory statement Wednesday.

July 17th, 2009 NEW DELHI - The government Friday said it has fined private carrier Kingfisher Airlines Rs.26.46 crore for delay in remittance of tax deducted at source (TDS). Minister of State for Finance S.S.

July 11th, 2009 NEW DELHI - India's private carrier Kingfisher Airlines is planning to launch flights on eight international routes this year, it said Saturday. We have planned a roadmap for the next phase of international routes.

June 17th, 2009 NEW DELHI - Air travel on Jet Airways and Kingfisher Airlines has become costlier, with both carriers Wednesday increasing fuel surcharge on tickets by Rs.400 on all domestic sectors. Attributing the decision to an increase in aviation fuel prices, Jet said the fuel surcharge would be applicable on all Jet Airways, Jet Airways Konnect and JetLite flights from Wednesday.

April 20th, 2009 NEW DELHI - India's flagship carrier Air India Monday said it has no 'immediate' plan to raise fares even as other airlines Kingfisher and Jet Airways have hiked fares on account of rising fuel costs. Ruling out any immediate fare hike, an Air India spokesperson told IANS: 'We have been No.3 for quite sometime.

April 19th, 2009 NEW DELHI - A sleek new domestic departure terminal of the Indira Gandhi International Airport became operational Sunday, replacing a decades-old cramped terminal that was synonymous with disorder and lacked basic facilities for a modern traveller. A spokesperson of airport developer Delhi International Airport Ltd (DIAL), a GMR-led consortium, told IANS: 'The first Indigo flight for Guwahati took off at 5.30 a.m.

April 19th, 2009 NEW DELHI - The new domestic departure terminal of the Indira Gandhi International airport became operational here Sunday with an Indigo flight taking off for Guwahati early in the morning. A spokesperson of airport developer Delhi International Airport Ltd (DIAL), a GMR-led consortium, told IANS: 'The first Indigo flight for Guwahati took off at 5.30 a.m.

April 18th, 2009 NEW DELHI - Kingfisher Airlines Saturday raised fuel surcharges by up to Rs.300 following successive rises in jet fuel prices. 'Consequent upon successive increases in ATF (aviation turbine fuel) prices, from midnight today (Saturday), the fuel surcharges of Kingfisher Airlines stands increased by Rs.200 for sectors below 750 km and by Rs.300 for sectors above 750 km,' a company statement said.

April 17th, 2009 NEW DELHI - Kingfisher Airlines, its low-cost carrier Kingfisher Red and Indigo Airlines will operate from the new domestic terminal (1D) at the Indira Gandhi International Airport here from April 19, the airport developer announced Friday. Jet Airways and its low-cost carrier JetLite, as well as SpiceJet will begin operating from the new terminal later this month.

March 14th, 2009 NEW DELHI - Kingfisher Airlines has emerged as the dominant player for the second consecutive month in February flying 904,000 passengers, official data released here Friday showed. Jet Airways, along with its low-cost airline JetLite, was next with 846,000 passengers, while state-run Air India (domestic) flew 574,000 passengers, the data released by the civil aviation ministry said.

February 15th, 2009 NEW DELHI - Kingfisher Airlines emerged as the dominant player in January, flying 919,000 passengers, official data released Monday showed. Jet Airways, along with its low-cost airline JetLite, was next with 837,000 passengers, while state-run Air India followed with 550,000, the civil aviation ministry said.

February 9th, 2009 NEW DELHI - Airlines including low-cost carriers have withdrawn all promotional fares and increased basic fares by around Rs.2,000 on several sectors from Tuesday. The decision was taken as operators were faced with low load factors, though basic promotional fares had been as low as Rs.99 on many routes, industry sources said.

January 18th, 2009 BANGALORE - Kingfisher Airlines Monday launched daily direct flights to Colombo from Bangalore and Chennai, the airlines said here. 'The flights on these two new routes will be operated using brand new Airbus A320 aircraft,' it said in a press release.

January 3rd, 2009 NEW DELHI - India's leading private carrier Jet Airways, which cut domestic fares by up to 40 percent last week, said it has no plans to slash fares on international routes. 'We don't have any proposal right now to cut fares on our international routes,' Jet Airways spokesman A.K.

January 3rd, 2009 NEW DELHI - Vijay Mallya-led Kingfisher Airlines will launch its daily non-stop Mumbai-London flight from Monday. 'We will launch our first flight from Mumbai to London tomorrow (Monday),' a Kingfisher spokesperson said Sunday.