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- debt | India | Kingfisher | News
Warrant Issued for Kingfisher Owner
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.
