New Delhi: Kingfisher Airlines has told its creditors that the company is likely to receive support in form of equity infusion by end-March, said two bankers familiar with the matter.
"They have said that they are looking at various possible options, and equity infusion is also not ruled out," said one of the bankers who attended a meeting of the beleaguered airline's lenders in Mumbai on Monday.
However, State Bank of India chairman Pratip Chaudhuri said on Tuesday that it would be difficult for the bank to lend more to the struggling airline. Kingfisher is having problems in making interest payments to banks and salaries to employees. The airline has an outstanding loan of about Rs 6,419 crore and lending banks have indicated that there are no plans of a second round of debt restructuring for the carrier.
15/01/12 Economic Times
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