Kingfisher Airlines lenders will meet promoter Vijay Mallya on December 17 for airline which has defaulted on Rs70bn debt, according to reports.
Reports stated that meeting will be important for Kingfisher Airlines whose flying licence has been suspended since October 20 due to safety reasons.
The airline has been seeking financial support from lenders for over a year to revive the company.
.Mallya has been struggling to revive the airline that has not turned in a profit since its inception, says report.
- Expectation, Highlights and Live Updates on Budget 2016.
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.