Kingfisher Airlines shares rose by 2.49% today to Rs24.65 at the close on the back of news that the government has asked the Life Insurance Corp (LIC) to “consider” buying 10% stake in the airline. This will infuse much-needed capital into the airline whose lenders had also asked the carrier to put in more money for continued support. It is true to say that Kingfisher is more or less Indian state owned, it is therefore too large to fail. The Indian state banks who bought into the airline with large loans are now out on a limb, they could end

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