adityashankar
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Kingfisher Airlines Owner Could Face Arrest!

Sun Oct 14, 2012 10:49 pm

Hey A.netters,

i'm pretty sure this whole 'KF might close down', 'should close down' is becoming a broken record, well to add more that, here's a new development in that story. Apparently KF owner Vijay Mallya could face an arrest, in regards to his cheque(s) (included payment of airport charges) which bounced.

Any comments/ reflections??

IMHO, he should have seen this coming.

http://www.ibtimes.co.in/articles/39...on-bailable-warrant-kingfisher.htm

Cheers,
Aditya

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aeroblogger
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RE: Kingfisher Airlines Owner Could Face Arrest!

Sun Oct 14, 2012 11:02 pm

I think the thread title isn't quite accurate.

He does face arrest.
However, he won't actually be arrested - his anticipatory bail paperwork is probably all set.


So therefore, this is a bit of a non-story. Status quo will be maintained.
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2008matt
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RE: Kingfisher Airlines Owner Could Face Arrest!

Sun Oct 14, 2012 11:07 pm

I think the whole situation surrounding kingfisher is sad, I personally thought they provided an excellent service when I flew from LHR-BKK via Mumbai last summer.

[Edited 2012-10-14 16:07:48]
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Stitch
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RE: Kingfisher Airlines Owner Could Face Arrest!

Sun Oct 14, 2012 11:13 pm

I guess we'll know if we see him in the Force India pits at Buddh International Circuit in two weeks. 
 
aeroblogger
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 1:31 am

Quoting Stitch (Reply 3):
I guess we'll know if we see him in the Force India pits at Buddh International Circuit in two weeks.

We'll see him for sure. No need to worry for Mallya fans!
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blueflyer
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 3:26 am

Quoting aeroblogger (Reply 1):
However, he won't actually be arrested - his anticipatory bail paperwork is probably all set.

So what is a non-bailable warrant if he won't be arrested?
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aeroblogger
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 4:24 am

Quoting blueflyer (Reply 5):
So what is a non-bailable warrant if he won't be arrested?

Even with a non-bailable warrant, anticipatory bail will still work.
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AirIndia
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 6:20 am

anticipatory bail is like a vaccination injection you take to prevent infection (arrest)
 
gauravpai
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 6:32 am

Quoting AirIndia (Reply 7):
anticipatory bail is like a vaccination injection you take to prevent infection (arrest)

couldnt have said it any better!    

Also seems to work more in cases of the influential and politically connected!   

cheers
 
cricket
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 9:23 am

Quoting aeroblogger (Reply 1):

I think the thread title isn't quite accurate.

He does face arrest.
However, he won't actually be arrested - his anticipatory bail paperwork is probably all set.


So therefore, this is a bit of a non-story. Status quo will be maintained.

Basically he has to make a personal appearance in front of this judge...
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PHX787
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 7:50 pm

I'm not sure if someone covered this, but i Briefly saw something on a news site that explicitly said KF could go bankrupt on the 20th of this month.


Sources:
http://profit.ndtv.com/news/corporat...nds-lockout-till-october-20-311992

Sounds like a total mess.
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manny
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 10:40 pm

My impression based on inputs from friends is nobody gets arrested for a bounced cheque in India. You should be served and appear in court for arraignment. If you do not appear at the court than that's when things escalate.

Seems like Mallya chose not to show up.
 
NYC777
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RE: Kingfisher Airlines Owner Could Face Arrest!

Mon Oct 15, 2012 11:32 pm

He should be arrested just for his hair alone...along with the designer of Air India 787 interiors for blinding us and general lack of design sense.
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AirIndia
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RE: Kingfisher Airlines Owner Could Face Arrest!

Tue Oct 16, 2012 4:12 am

Quoting NYC777 (Reply 12):
along with the designer of Air India 787 interiors for blinding us and general lack of design sense.

Whats he got to do with Air India designs
 
sankaps
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RE: Kingfisher Airlines Owner Could Face Arrest!

Tue Oct 16, 2012 7:38 am

Quoting NYC777 (Reply 12):
along with the designer of Air India 787 interiors for blinding us and general lack of design sense.

Any photos? I am not surprised though, as AI has tended to do strange things like call a panel of fim stars and celebs to help select their first class seat and colors etc in the past.

As for Mallya... so many people say its a shame because "Kingfisher really was a good airline". That may be true in a narrow sense in that they spent (borrowed) money freely to impress and win customers. But there was never really a viable business plan, and anyone who has been around the industry long enough knew that it was not sustainable, that the good times would end when the bills (and loans) came due!
 
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vivekman2006
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RE: Kingfisher Airlines Owner Could Face Arrest!

Tue Oct 16, 2012 8:17 am

Quoting AirIndia (Reply 13):
Whats he got to do with Air India designs

I think NYC777 meant arrest both Mallya (for his hairstyle) and the designer of the Air India 787 interiors.
 
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AirIndia
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RE: Kingfisher Airlines Owner Could Face Arrest!

Tue Oct 16, 2012 11:05 am

Quoting vivekman2006 (Reply 15):
I think NYC777 meant arrest both Mallya (for his hairstyle) and the designer of the Air India 787 interiors.

oh yes. for a moment i though everthing wrong in indian aviation is being blamed on VJM...... which may be partially true also :P
 
aeroblogger
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RE: Kingfisher Airlines Owner Could Face Arrest!

Tue Oct 16, 2012 11:20 am

Quoting sankaps (Reply 14):
Any photos? I am not surprised though, as AI has tended to do strange things like call a panel of fim stars and celebs to help select their first class seat and colors etc in the past.

Photos don't do the cabin justice - don't judge it until you see it in person...

There is a trip report by justbala on A.net which has some pics.
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HAWK21M
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RE: Kingfisher Airlines Owner Could Face Arrest!

Wed Oct 17, 2012 8:19 am

Quoting AirIndia (Reply 7):


anticipatory bail is like a vaccination injection you take to prevent infection (arrest)

well said guru....
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LAXDESI
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RE: Kingfisher Airlines Owner Could Face Arrest!

Wed Oct 17, 2012 5:56 pm

Kingfisher Airlines settles GMR dues, warrants against Vijay Mallya withdrawn.
http://www1.economictimes.indiatimes...withdrawn/articleshow/16854770.cms

Quote:
The ailing airline Kingfisher AirlinesBSE 5.00 % (KFA) has on Wednesday cleared the Rs 10.5 crore of dues to GMR, the owner of Hyderabad International Airport, and arrived at a settlement to cancel the non-bailable warrants served on its chairman Vijay Mallya and four senior executives.
 
LAXDESI
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RE: Kingfisher Airlines Owner Could Face Arrest!

Fri Oct 19, 2012 6:17 am

Kingfisher Airlines stares at licence suspension.
http://timesofindia.indiatimes.com/b...uspension/articleshow/16873079.cms

Quote:
Crisis-ridden Kingfisher Airlines could be on the verge of having its flying licence suspended. Like scores of its unpaid employees, vendors and service providers, the aviation ministry is also going to look for real money - and not just promises or timelines to pay - in the reply the airline has to file to Directorate General of Civil Aviation (DGCA)'s notice by Saturday.

Unless convinced that Kingfisher has the resources to operate as a schedule airline and maintain its timetable of flights with full safety, highly placed aviation authorities say they will go for licence suspension. "Kingfisher is on cash and carry by most service providers. We do not want a situation where the airline restarts operations and then keeps flying in fits and starts whenever its unpaid employees are not on strike and the service providers refusing to service it. We have seen enough of that since last November," said a senior official.

A formal decision on the airline's licence could be taken next week.
 
PHX787
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RE: Kingfisher Airlines Owner Could Face Arrest!

Fri Oct 19, 2012 6:34 am

http://www.ibtimes.com/kingfisher-ai...oyees-fail-lockout-extended-847749
Lockout extended    This is not looking good at all.

Quoting LAXDESI (Reply 20):
A formal decision on the airline's licence could be taken next week.

I heard in the next 2 days we could see the creditors bailing out on KF. On various websites I see Oct. 20 as judgement day for Kingfisher.

Quoting LAXDESI (Reply 19):
Kingfisher Airlines settles GMR dues, warrants against Vijay Mallya withdrawn.

Well License facing suspension, creditors about to withdraw, the warrants withdrawn.... Boy, this is nuts.
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HAWK21M
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RE: Kingfisher Airlines Owner Could Face Arrest!

Fri Oct 19, 2012 7:56 am

Another A320 startup needed.........
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PHX787
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RE: Kingfisher Airlines Owner Could Face Arrest!

Fri Oct 19, 2012 5:34 pm

Drama continues for Kingfisher
No Salaries, Kingfisher Spouse Commits Suicide (by sankaps Oct 4 2012 in Non Aviation)
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HAWK21M
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RE: Kingfisher Airlines Owner Could Face Arrest!

Sat Oct 20, 2012 9:56 am

Quoting PHX787 (Reply 21):
Well License facing suspension,

has occured today....
I may not win often, but I damn well never lose!!! ;)

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