Tuesday 18 December 2012

Dr Vijay Mallya has Money to Donate to Rich God But Not for Salary of poor Staff

Kingfisher Airlines Chairman Dr Vijay Mallya offers 3 Kg  Gold to Lord Venkateswara

Promoter of crisis-ridden Kingfisher Airlines and UB Group Chairman Vijay Mallya made an offering of gold bricks, weighing about three kg, at the famous hill shrine of Lord Venkateswara on his 58th birthday today.
Mallya donated the gold after offering worship and requested temple authorities to use it for gilding the doors at the sanctum sanctorum, Tirumala Tirupati Devasthanams Deputy Executive Officer (temple) Chinnamgari Ramana told PTI.
The United Breweries chief, who arrived with his family last night, celebrated his birthday at a simple function held at the Tirumala Tirupati Devasthanams guesthouse, Venkata Vijayam, donated by him 15 years ago, temple sources said.

In August, Mallya had offered Rs 80 lakh gold-plated doors to the Kukke Subramanya temple, a place in Karnataka's Dakshina Kannada district visited by many a well-known personality looking for a turnaround in fortunes.
Kingfisher, which Mallya launched in 2005, was once India's second-largest airline by domestic market share, but is now in deep financial distress.
It has been grounded since October 1 following a strike by its pilots and engineers over non-payment of salary dues and its flying license has been suspended.
It is believed that Mallya made sure that every aircraft he bought, first flew to Tirupati and circled around the Lord Venkateshwara shrine before being deployed.

Kingfisher Plans to Resume Some Flight Operations
Wall Street Journal (India)
MUMBAI--Kingfisher Airlines Ltd., the loss-making Indian carrier that stopped operations in October due to an employee strike, said Monday it plans to resume at least some of its flights soon. "We will start in a phased manner and provide funding ...
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Jet Airways, Kingfisher gain on Etihad talks
Reuters India
NS) extends gains for a sixth day, up 1.5 percent, while Kingfisher Airlines Ltd(KING.NS) is up 2.7 percent as Etihad Airways enters in the final stages of talks to buy a stake in either of them. Buying into Jet is seen as more lucrative for Etihad as ...
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Sensex gains ahead of RBI policy; TCS, Kingfisher rebound
Kingfisher Airlines shares rebounded on reports that the promoters are likely to infuse Rs 425 crore to resume operations in the grounded carrier. Jet Airways shares gained 2.5 per cent on hopes of Etihad investment. At 09.25 a.m., the Sensex traded 62 ...
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Jet or Kingfisher? Move by Etihad next week
Daily News & Analysis
Etihad Airways is likely to decide between Vijay Mallya-led Kingfisher Airlines and Naresh Goyal-headed Jet Airways for a stake buy by next week when the foreign carrier's board is scheduled to meet, a top government official said Monday. While Mallya ...
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DVB Halts Indian Aircraft Finance After Kingfisher Repossession
DVB Bank SE (DVB), one of the most active aircraft financiers in India, suspended all financing to Indian carriers after the country's administration failed to deregister two airliners following their repossession from Kingfisher Airlines Ltd. (KAIR) ...
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Kingfisher says will restart operations in phases
Reuters India
"We have also shared a full recapitalisation plan which will be further discussed with a small designated group of bankers," Kingfisher said in a statement, after a meeting with its lenders. (Reporting by Anurag Kotoky; Editing by Devidutta Tripathy ...
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Vijay Mallya to infuse Rs425 crore in Kingfisher for phased restart
Daily News & Analysis
Kingfisher promoter Vijay Mallya is ready to infuse funds, estimated to be in the region of Rs425 crore, into the airline to restart operation in phased manner as and when DGCA gives the go-ahead. "They have a plan for limited restart. They may start ...
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Etihad in final stages of talks with Jet Airways, Kingfisher: Source
Economic Times
NEW DELHI: Gulf carrier Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks to buy part of either Jet Airways or grounded rival Kingfisher Airlines, an Indian government official said on Monday ...
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Economic Times
Kingfisher Airlines to start operations soon, but in phases
New Delhi: The Kingfisher Airlines, which is currently grounded, has said that it will restart its operations very soon. The announcement was made in a statement on Monday. However, the cash-strapped airline will start its operations in a phased manner.
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impounding of its aircrafts, but failed to get it.

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