Kingfisher lenders meet tomorrow to discuss their exposure to the airline

The consortium of 17 banks led by the State Bank of India, which are exposed to Kingfisher Airlines debt, are meeting tomorrow to discuss the future of their investment. The consortium has an exposure of over Rs. 7,000 crore in advances to the carrier and it has not been paid since January. The airline also an accumulated loss of over Rs. 8,000 crore and has yet to make a profit since launch in May 2005. The meeting could result in the operational shutdown of the airline to allow it to restructure and re-organise with a viable turnaround plan, although analysts