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Kingfisher’s lenders to continue talks on debt restructuring

| Updated on: Nov 13, 2011

The 13-bank consortium that together have an exposure of about Rs 7,000 crore to Kingfisher Airlines, has advised the private carrier to bring in equity to the tune of Rs 400 crore and provide financial and operational details before their scheduled meeting with bankers on Tuesday.

“Before our meeting on Tuesday they have to be ready with some information pertaining to the size and capacity of their fleet, availability of equity, security of supply of fuel and airport landing charges,” said Mr Pratip Chaudhuri, Chairman, State Bank of India.

Published on March 12, 2018

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