The chairman of Kingfisher Airlines, Vijay Mallaya, provided little to revive its finances after India’s No.2 carrier by market share reported its quarterly loss doubled. On Tuesday, Mallaya said Kingfisher had not asked banks to “take a haircut” but was looking for ways for minimizing the interest paid on its debt of $.3 billion and [...]
Posts Tagged ‘working capital’
Kingfisher’s Finances Revived Little By Mallaya
December 1st, 2011 
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Posted in Business Marketing 
Tags: Indian carriers, Kingfisher, Kingfisher Airlines, Vijay Mallaya, working capital 
No Comments »Kingfisher Airlines Working To Reduce Interest Costs
October 12th, 2011 admin Kingfisher Airlines is working with a consortium of banks for further cutting down interest rates and raising working capital as the carrier looks to restructure its fleet by selling and leasing back some of its aircraft to lower debt, its chairman Vijay Mallya said. In a speech at the airline’s annual shareholders’ meeting on Wednesday, [...]
Posted in Blogging Tags: aviation industry, forex loans, Kingfisher Airlines, working capital 1 Comment »
