Kingfisher Airlines Ltd., the Indian carrier seeking cash after losses, pledged assets ranging from its brand to office furniture for bank loans of as much as 64.2 billion rupees ($1.2 billion).
A luxury villa in the western Indian state of Goa, two helicopters, a building in Mumbai and shares have also been used as collateral for loans as of Nov. 30, Junior Finance Minister Namo Narain Meena said in response to a question in parliament in New Delhi yesterday. The total value of the guarantees, including furniture and fixtures worth 3.3 billion rupees, was 52.4 billion rupees, he said.
09/12/11 Karthikeyan Sundaram/Bloomberg.com
0 comments:
Post a Comment