debt | George Hatcher's Air Flight Disaster https://airflightdisaster.com Aviation News, Headlines & Alerts Mon, 15 Oct 2012 15:59:11 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 Warrant Issued for Kingfisher Owner https://airflightdisaster.com/warrant-issued-for-kingfisher-owner/ Sun, 14 Oct 2012 21:07:04 +0000 http://airflightdisaster.com/?p=21941 Kingfisher bounced checks of 105 million rupees (£1.25m) to settle user fees at Hyderabad International Airport. Then the airline failed to appear in court, leading the local sessions court to issue an arrest warrant for Vijay Mallya, owner of Kingfisher Airline. Staff of Kingfisher Airline has not been paid for months. Debts are said to...

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Kingfisher bounced checks of 105 million rupees (£1.25m) to settle user fees at Hyderabad International Airport.

Then the airline failed to appear in court, leading the local sessions court to issue an arrest warrant for Vijay Mallya, owner of Kingfisher Airline.

Staff of Kingfisher Airline has not been paid for months. Debts are said to total $2.49bn, with $1.1bn of bank debt.

India’s Aviation regulator grounded the Kingfisher fleet for the last two weeks and is threatening to cancel its license.

The post Warrant Issued for Kingfisher Owner first appeared on George Hatcher's Air Flight Disaster.

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