Kingfisher Airlines is to launch a $250 million GDR issue shortly, and is also in the process of restructuring its debt with a consortium of bankers, chairman Vijay Mallya said on Thursday. Speaking at UB Holdings AGM, Mallya confirmed the debt recast is expected to be completed in the “next month or so,” which would be immediately followed by the GDR issue. Stating that the Reserve Bank of India had sanctioned the debt restructuring plan, he said that the airline is currently working with a consortium of banks to recast the entire debt: “In broad terms, about 30% of the

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