Mumbai: State Bank of India, the largest lender to Kingfisher Airlines, today said the cash-strapped company will be viable if it gets more equity.
"Fresh viability is there for everyone to see. If they (Kingfisher) get more equity, the company is viable," SBI Chairman Pratip Chaudhuri told reporters here in reply to a question.
He further said on the whole, aviation companies needed equity and fresh equity would improve their finances.
"However, these things don't happen overnight. There are protracted negotiations about price but the company (Kingfisher) is working hard on this. We are optimistic and expect equity to come," he said.
Chaudhuri further clarified that the bank has not sent any recall notice to Kingfisher asking them to repay loan, but added that its "loan is at default".
04/04/12 PTI/Economic Times
To Read the News in full at Source, Click the Headline
0 comments:
Post a Comment