Tag: KFA

Kingfisher ready to fly, submits interim revival plan

Dec. 26 Business, India News Comments Off

Kingfisher 150x150 Kingfisher ready to fly, submits interim revival plan Seeking to revoke its suspended flying licence after being grounded fro three months, beleaguered Kingfisher Airlines today submitted its interim revival plan to aviation regulator DGCA just ahead of expiry of its validity on 31 December.

Moreover, DGCA is on examination of KFA financial and operational plan submitted by CEO Sanjay Aggarwal and still no response has given by the regulator. If in favor of airline, it would expect to benefit airline another six-eight weeks to restart operations. Read more

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Kingfisher to fly soon with Rs.425 cr infusion

Dec. 18 Business, India News Comments Off

KFA Promoter Mallya 150x150 Kingfisher to fly soon with Rs.425 cr infusionCurrently the largest cash-strapped airline, Kingfisher is planning to resume its operations very soon, but in limited with a phased manner with investment of Rs.425 crore as a short-term measure.

The company will very soon submit its revival plan to the regulator DGCA, in wake to resume flying licence which suspended on October 20.

As per media information, KGA is likely to have recapitalization plan which will be further discussed with a small designated group of bankers. In list of financiers, Read more

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Mallya’s UB shares hit 52-week high, hoping deal with Diageo

Nov. 09 Business, India News Comments Off

Vijay Mallyas United Spirits 150x150 Mallya’s UB shares hit 52 week high, hoping deal with DiageoAs per recent news, Vijay-Mallya’s UB Group is going to sign a deal with the world’s largest spirit group maker Diageo for sale of United Spirits Ltd Stake, hoping to keep on track its debt-laden Kingfisher Airline by raising funds.

Suddenly as the news released, shares of United Breweries hit 52 week high as much 6 per cent to Rs 1,425 in early trade on the BSE on Friday following the Diageo- USL deal worth $3.2 billions. Read more

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

Nov. 08 Business, India News Comments Off

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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