Kingfisher lenders refuse to provide any more funds

Victoria
By Victoria December 18, 2012 23:24

Kingfisher lenders refuse to provide any more funds

A consortium of 17 lenders, led by the state owned State Bank of India, have refused to provide any more financial assistance to Kingfisher Airlines.
The consortium is reported to be holding onto the hope that Etihad Airways will offer a white knight bid for the failing airline to help it resume service.
The Economic Times has reported that Etihad will pay around $500 million for a 48% stake in the company but if that deal falls through, it may be the end for Kingfisher

Victoria
By Victoria December 18, 2012 23:24
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