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KINGFISHER AIRLINES DEBT
- ICICI Bank discontinues Kingfisher co-branded credit cardThe airline has never posted a full-year profit and it has accumulated losses of about Rs 8,000 crore.
Kingfisher Airlines may fly past Jet Airways in the race for alliance with Etihad AirwaysSources within Kingfisher said that there is no finality on the structure of the deal as yet and that decision would depend on Etihad decid...- Government won't allow Kingfisher Airlines to fly planes if safety rules are not met: Ajit SinghSingh said the civil aviation regulator will meet Kingfisher executives on Tuesday. He said the airline had cancelled all its flights thus ...
- Kingfisher Airlines offers to sell pledged assets, lenders want moreDebt-laden Kingfisher Airlines indicated for the first time its willingness to sell a plush villa in Goa to pay off a part of its debt.
- ICICI sells Kingfisher debt to SREI Infrastructure FinanceA debt fund managed by SREI Infrastructure Finance has bought about 4 billion rupees worth of debt of Kingfisher Airlines from ICICI Bank.
- Private airlines like Kingfisher Airlines, Jet Airways owe Rs 14,573 crore to PSU banksPrivate airlines owe a total of Rs 14,573 crore to state-run banks, with loss making air carriers Kingfisher and Jet Airways together accou...
- Govt defends state-run banks' exposure to Kingfisher AirlinesThe government defended state-run lenders' exposure to Kingfisher Airlines and said that loans worth Rs 6,419 crore to the carrier were not...
- Vijay Mallya gives personal guarantee of Rs 249 cr for KingfisherVijay Mallya has given a personal guarantee of Rs 248.97 crore, besides pledging shares as security against loans taken from various banks,...
- Kingfisher Airlines not seeking bailout, to focus on high-end business: Vijay MallyaMallya said that Kingfisher was undertaking steps to reduce interest cost, streamlining of existing fleet order & has applied for direct im...
- Kingfisher Airlines may convert part of debt into forex loansKingfisher Airlines plans to convert a part of its rupee debt into foreign currency loans to cut debt as interest rates abroad is lower tha...
- Kingfisher Airlines to sell property to fly out of debt crisisOver the next two years, Kingfisher plans to raise close to Rs 900 crore by selling Kingfisher House, the airline’s headquarters and other ...
- Kingfisher Airlines to sell property to cut debt; shares surge 4%KFA's board will consider a proposal to cut debt by more than half by selling property, converting loans into equity. Stock price
- Kingfisher Airlines bailout: Why options before government & banks are limitedWhat the airline is hoping for is more of what it got a year back: banks will 'restructure' its debt, currently estimated at around Rs 7,00...
- High operating costs, mounting debt force investors to exit aviation sectorIn course of a yr, Jet Airways, Kingfisher Airlines, and SpiceJet - have shed over two-thirds of their respective mkt values.
- Kingfisher completes 8k-cr debt recastKingfisher Airlines has completed restructuring Rs 8,000-crore debt , with all 18 lenders agreeing to cut interest rates and convert some l...
- Kingfisher Airline's Rs 8000 cr debt recast completeAll the 18 lenders of Kingfisher Airlines have approved & implemented the debt restructuring package according to sources.
- Mallya’s stake in Kingfisher to fall below 50% post debt restructuringKingfisher Airlines is in the process of implementing the debt restructuring plan, which also includes raising $250 mn to $350 mn via GDR.
- Kingfisher board approves debt recast; interest cost to come downKingfisher Airlines, India’s second-largest private carrier, has received preliminary approval from lenders for a debt recast plan to help ...
- Kingfisher trying to rope in former SpiceJet officialKingfisher Airlines is in talks with a top former executive of the budget airline, SpiceJet to take him onboard.
- Kingfisher plans 1:1 rights issue to mop up Rs 400 crThe Vijay Mallya-promoted Kingfisher Airlines is likely to come out with a rights issue offering shareholders one equity share for every on...
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