Ajit Singh rules out bailout of Kingfisher

Bangalore: Minister for Civil Aviation Ajit Singh on Tuesday ruled out bailout of Kingfisher Airlines.
“We are concerned that assets are tied up and lots of jobs are at stake, but a bailout is neither possible nor being considered,” he told reporters after a meeting of the Parliamentary Consultative Committee (PCC) of the Ministry. “It is for the owners of the airline to mobilise resources and make the airline fully operational.”
18/07/12 V. Sridhar/The Hindu

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Categories: Kingfisher Jul 2012