UwidoNews

Kingfisher Airlines plans to raise Rs 500 crore. Vijay Mallya, Chairman, Kingfisher Airlines, says the airliner is mulling a rights and depository issues for fund raising.

Three domestic airlines in Kingfisher Airlines, SpiceJet and IndiGo have tied up to take on the OTA Bandwagon. In a bid to get rid of the agents commission and service charges the three have come together to launch an online travel portal called Rang7 .Read rest of the story from the link above.

Private carrier Kingfisher Airlines on Thursday said its net loss for the third quarter ended 31 December, 2009 has widened to Rs419.96 crore.The company had a net loss (loss from ordinary activities after tax) of Rs413.39 crore for the quarter ended December 2008, Kingfisher Airlines said in a filing to the Bombay Stock Exchange.

Kingfisher Airlines and Jet Airways , the nation’s two biggest private airlines, on Friday raised fares for the third time in the last 12months to partly offset losses due to rising fuel prices, a move that may drive a few potential passengers to railway minister Mamata Banerjee’s Duronto Express.

It was a narrow escape for 27 passengers of a Kingfisher flight from Bangalore when explosive were found in the cargo hold after they had deplaned at the airport here.

American Airlines, Continental Airlines Inc. and other carriers are on “heightened awareness” for travelers with possible swine flu symptoms while maintaining flight schedules to Mexico, where the outbreak is worst. Passengers are being given the option to rebook Mexico trips without penalties or fees, and airlines are awaiting further guidance from authorities including the World Health Organization, spokesmen for U.S. carriers said yesterday.

To create demand in summers, airlines in India have reduced fuel surcharge on air tickets.Low-cost carriers SpiceJet and Indigo effected a cut last week, while Jet Airways and national carrier Air India followed this week. Industry sources said Kingfisher was evaluating a similar move from April.

Dr. Vijay Mallya (Kannada/Konkani:ವಿಜಯ್ ಮಲ್ಯ, born 18 December 1955) is an Indian businessman and former Rajya Sabha MP. The son of industrialist Vittal Mallya, he is the Chairman of the United Breweries Group and Kingfisher Airlines, which draws its name from United Breweries Group's flagship beer brand, Kingfisher.

Kingfisher flight IT-4124, which was carrying 42 passengers and four airline personnel from Bhavnagar in Gujarat, caught fire as it skid during landing at 4.36 pm yesterday.