Kingfisher Airlines posts loss of Rs.419 crore
Private carrier Kingfisher Airlines has posted a net loss of Rs.419 crore for the quarter ended Sep 30 as compared to a loss of Rs.483 crore reported during the like period last year.
Vijay Mallya-run Kingfisher Airlines still owes Rs 60 crore to the government in service tax while Air India has accumulated arrears over Rs 300 crore on this account, Central Board of Excise and Customs SK Goel said on Tuesday.