KINGFISHER IN TALKS WITH FOREIGN CARRIERS; TO MEET BANKS ON THURSDAY
Image : The Hindu Business Line.
Bangalore,India : A day before making a presentation to lenders on revival plan of Kingfisher Airlines, its Chairman Vijay Mallya on Wednesday said the carrier is in talks with overseas airlines for investment.
When asked if the debt-ridden airline is in touch with overseas airlines for investment, Mallya said, "Yes, we are in talks."He, however did not provide details citing "privacy and confidentiality" reasons.
Mallya also informed that his airline will be making a presentation to the SBI led consortium of banks.
"We have regular meetings with KFA banking consortium. I can confirm that there is meeting tomorrow. We will make presentation to them as requested," he told reporters on the sidelines of the annual general meeting of the UB Group.
26/09/2012 : DNA
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