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.
India Infoline News Service / 14:51, Aug 19, 2014
Q1 revenues declined 0.9% qoq vs our estimate for a 1.8% qoq on the back of weakness in global operations whose revenues declined 14.9% qoq and 5.1% yoy.