Kingfisher Airlines can't be revived: SBI

New Delhi: SBI today said plans to revive Kingfisher Airlines will not work unless they are backed by fresh equity infusion.
"Firm plan should be to bring equity... whatever plans they make (to revive the airline), plans have no meaning till equity comes," SBI Chairman Pratip Chaudhuri said in an interview.
Pointing out that the airline again suffered losses in the March quarter to the tune of Rs 1,000 crore, he said, "the more it gets burdened with losses, the more difficult will be the recovery."
The SBI chief further said the promoters should not reduce the number of flights as it would erode the confidence of passengers and travel agents.
06/07/12 Financial Express

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Categories: Kingfisher Jul 2012