The most debt overloaded Kingfisher Airlines whose 23% equity stake is of Banks, is under serious critical situation as all its lenders left out their hands from any assurance in finance to the airlines due to nonpayment of dues for over six months now.
Being afraid of grounding, KFA has decide to meet within next week to lenders, sit together and discussing significant strategies that may prove beneficial for both to salvage their interest in debt ridden company. Read more
