Tag: KFA Loss

Kingfisher loses Rs 755 crore as planes sit idle

Debt-ridden Kingfisher Airlines has reported a net loss of Rs. 755.17 crore in its the third quarter ended December 31, 2012, following a complete grounded row after losing flying license. Read more

Kingfisher Crisis hit Air fare, needs to infuse $1bn

Kingfisher Airline 150x150 Kingfisher Crisis hit Air fare, needs to infuse $1bnSBI said that it has disappointed with Kingfisher Airlines’s funding raising plans as the airline has needed to infuse $1 billion.

The largest lender of KFA, SBI to whom airline have to pay Rs 1580 crore and the interest, announced to willing to support KFA as a going concern and for that it has likely given KFA time till November 30 to infuse equity. Read more

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