The Government will infuse Rs 1,000-1,500 crore into state-owned carrier Air India as capital and may also offer another Rs 100 crore as working capital to bolster its finances.
Even Kingfisher has announced that employees can be sacked.
http://www.ibnlive.com/news/jobless-jet-employees-vow-to-fight-back/75874-7.html
Kingfisher's Mallya bought 26 per cent stake in Deccan for Rs 550 crore in May 2007.
http://www.ibnlive.com/news/gopinath-eyes-air-deccan-again-plans-buy-back/75859-7.html
Jet Airways Chairman admits the civil aviation industry is facing a crisis.
http://www.ibnlive.com/news/aviation-industry-in-the-red-lay-offs-inevitable/75851-7.html
The move comes after Jet Airways strategic tie-up with Kingfisher Airlines.
http://www.ibnlive.com/news/jet-airways-lays-off-600-cabin-crew-execs/75825-7.html
The two airlines saw business sense in flying together than against each other.
http://www.ibnlive.com/news/kingfisher-jet-forge-alliance-to-cut-losses--more/75748-7.html
Goyal, Mallya hold closed-door meeting in Mumbai.
http://www.ibnlive.com/news/rivals-goyal-and-mallya-meet-may-form-tieup/75736-7.html
The airlines have taken this measure to achieve cost savings.
http://www.ibnlive.com/news/hit-by-recession-kingfisher-sacks-300-employees/74156-7.html
Liquor tycoon says airline wanted more money than what he offered.
http://www.ibnlive.com/news/mallya-disappointed-spicejet-rejects-kingfisher-bid/68846-7.html
Sources reveal both the parties are in advanced stage of talks.
http://www.ibnlive.com/news/us-billionaire-investor-confirms-interest-in-spicejet/68532-7.html
India's celebration of historic World Cup win is a corporate event.
http://www.ibnlive.com/news/brands-rule-lords-83-celebration-tricolour-missing/67801-5.html
CNN-IBN has access to mails exchanged between him and Air India.
http://www.ibnlive.com/news/exclusive-mallya-picks-up-fight-with-ai-top-brass/67427-7.html
 |
|
