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 / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.