Kingfisher Airlines fell ahead of a
deadline of October 20 to respond to the civil aviation authorities
on why its license should not be cancelled.The Directorate General
of Civil Aviation (DGCA) told the airline on October 5 to
demonstrate why its permit to fly should not be suspended or
cancelled for failing to establish a 'safe, efficient and reliable
service', and gave it 15 days to reply.Shares ofthe companyare
trading at Rs 11.45, down Rs 0.55, or 4.58% at the Bombay Stock
Exchange (BSE) on Friday at 1:01 p.m.The scrip has touched an
intra-day high of Rs 11.75 and low of Rs 11.45. The total volume of
shares traded at the BSE is 1,668,604.In the earlier session, the
shares fell 4.76%, or Rs 0.6, at Rs 12. Currently, the stock is
trading down 62.94% from its 52-week high of Rs 30.90 and above
63.34% over the 52-week low of Rs 7.01.
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Comments(1)
Aviation Minister Ajit Singh and DGCA should not waste time. Lead Bank SBI must USE wisdom SBI must pay salary directly as first step to feed KFA starving staff then request them to work for them as major stake holders. LIQUOR intoxicated KFA passive attitute and unwise slow action has ruined KFA I fervently hope that wisdom will prevail on KFA management. Mr Mallya is liquor tycoon from his father wealth. He Never earned a pie. He does not know diginity of labour and Hardwork. He has no pains for the financial suffferings of his employees. Fear of starvation made one lady to commit suicide. He enjoys playing games and cheer girls around him. SBI must convert all their loans into equity. Then SBI MD can negotiate with Tatas management and Handover Kingfisher and Air India one by one to Tatas the pioneer of Aviation Industry in India. Tatas association will attract Good FDI Investor. Kingfisher also will recover soon exactly as Satyam computer has recovered due to Mahindr
Posted by MSALEEM at 10/19/2012 16:01 Reply to this Report abuse