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October 15, 2012

Kingfisher Owner Faces Arrest Over $2 Million in Bounced Checks

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By: NYCA Admin
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A Kingfisher Airlines Airbus A320 (VT-KEG) taxis at Bangalore. (Photo by marirs via wikipedia, CC-BY-SA)
A Kingfisher Airlines Airbus A320 (VT-KEG) taxis at Bangalore. (Photo by marirs via wikipedia, CC-BY-SA)
An Indian court has issued an arrest warrant for Kingfisher Airlines kingpin Vijay Mallya after the troubled carrier bounced nearly $2 million (103 million rupees) in checks written to the Hyderabad International Airport to cover landing and handling fees. Kingfisher flights have already been grounded for weeks, though managers are begging employees to return to work despite not having been paid in months. [Forbes]