Jet Airways, Kingfisher Airlines and SpiceJet rushed after the government on Thursday, resolved to create a Group of Ministers to consider the issues addressed by the downturn-hit airlines.

In the early quarter of fiscal 2009-10, Kingfisher Airlines has recorded a fall of Rs.242.71crore as opposed to a decline of Rs.157.87crore posted during the same quarter in the last fiscal.

Although, the broader market did witness some action, the bulls remained languid after a two-week rally.

Kingfisher Airline has begun the pioneer direct flight service linking Goa and Pune from 1st July.

Domestic markets closed the week in the positive zone with the Sensex closing over the 15,100 mark.

Vijay Mallya, Kingfisher Airline chairman has pulled out a personal guarantee for a Rs.2, 000crore to assist the airline, which is going through a financial crisis.

SOTC has been selected for the DLF IPL 2009 as a Tour Partner to Kingfisher Airlines, which will be conducted in South Africa during 18th April to 24th May.

Private sector airline Kingfisher Airlines’ global growth plan has been impacted by the continuing international recession.

United Spirits, liquor producer announced on Monday that its advertisers have undertaken 32.82% stake in the company for a hidden amount.

Kingfisher Airlines has got a letter from the controller requesting details on the price increase declared by it previously this week.