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Explained: The rise and fall of private airlines

The suspension of operations at Jet Airways — at one time India’s largest private airline — announced Wednesday, follows the troubles at Kingfisher, Air Deccan, and Sahara. A short history of hope and distress in a highly competitive market over the last 30 years.

Vijay Mallya's extradition: What happens next?

The decision will now be channelled to the United Kingdom Home Office (the British equivalent of Home Ministry) where Home Secretary Sajid Javid, will pass an order based on that verdict of the Magistrates' Court. 

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Get Mallya back

But don’t let l’affaire Mallya pave the way for return of unfair motif of businessman-as-villain, taint enterprise itself.

Before Vijay Mallya left India, his trail, as per SFIO probe report

The SBI notice of August 19 alleged diversion of funds by Kingfisher Airlines to UB Group of companies and other firms. Mallya challenged the decision of UBI and SBI in various courts.

Banks hope to recover maximum after UK court order on Mallya: SBI Managing Director

SBI Managing Director Arijit Basu said the Indian banks have already recovered a total of Rs 963 crore through sale of Mallya’s domestic assets, and the UK Court’s order would further empower them to recover loans not repaid by Kingfisher Airlines.

Vijay Mallya had many years to repay his debts: M J Akbar

"If Mallya wanted to pay to the banks, I think he had...many, many years in which he could have done so," Akbar said during a press conference.

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Vijay Mallya diverted loan funds, didn’t reveal full assets: Enforcement Directorate

The agency has said that Vijay Mallya showed his total assets as Rs 1,395 crore, whereas the ED estimated his total assets at Rs 3,164.65 crore as on 2010.

Now CBI investigates role of top bankers in Kingfisher Airlines loans case

Kingfisher owes over Rs 9,000 crore to at least 17 lenders, including SBI, IDBI Bank, Punjab National Bank, Bank of India, Bank of Baroda and United Bank of India.

Govt doesn't want Air India to go Kingfisher Airlines way, says Ashok Gajapathi Raju

The government does not want anyone working in Air India to lose job, Raju said in the Lok Sabha, adding that the disinvestment process of the national carrier has been initiated.

All corporate ethics compromised in Kingfisher Airlines-Deccan Aviation deal: Fraud investigation office

The SFIO has found that Kingfisher created three business segments — commercial airlines, ground handling and training — on paper after announcing its merger with DAL to avoid paying capital gains tax.

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Fugitive businessman Vijay Mallya owes India Rs 9,000-crore: News in numbers

Fugitive liquor baron Vijay Mallya, who has been in the UK for two years now, is accused of fraud and money laundering worth Rs 9,000 crore. Find more in today's news in numbers.

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