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 Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.