A parliamentary panel today sought a probe into defunct Kingfisher Airlines allowed to accumulate high levels of dues to state-owned AAI, which was in “violation of all existing rules”.
Businessman Vijay Mallya, who is wanted in India for a Rs 9,000-crore loan default, recently went on a tweeting frenzy, blaming ‘faulty’ Pratt & Whitney (PW) engines for the collapse of his Kingfisher Airlines.
Banks to whom embattled tycoon Vijay Mallya on Friday offered a negotiated one-time settlement of their dues want him to spell out how much he is ready to pay up.
After posting a series of tweets defending Kingfisher’s exit from the aviation industry, the infamous business tycoon Vijay Mallya said that he is ready to negotiate and talk to the banks for a one time settlement.
In Qatar Airways Ltd.’s decision to set up a brand new short-haul carrier in India, there’s a hint of commercial savvy that goes back a millennium and a half.
Kingfisher House was be put under the hammer for the fourth time after three failed attempts, Kingfisher Villa was put for sale for the third time.
Fugitive business tycoon Vijay Mallya is suing American aerospace manufacturer Pratt & Whitney accusing them of selling faulty engines to his now defunct budget carrier Kingfisher.
Fugitive liquor baron Vijay Mallya has blamed Pratt & Whitney (PW) faulty engines as the reason behind the collapse of Kingfisher Airlines.
Vijay Mallya, the embattled businessman who is in the UK, on Friday said faulty engines were one of the factors for the collapse of Kingfisher Airlines.
Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday that Indian authorities had no grounds to extradite him from Britain and he would not be leaving.