New Delhi: In yet another blow to Kingfisher Airlines, lenders on Monday refused to give more funds to Kingfisher and demanded partial repayment of dues.
Despite expressing confidence that the debt-strapped airline will be able to restart operations before the DGCA deadline, Kingfisher failed to give a timeline for the same. At a lenders meet the airline officials said they were sure that KFA's licence will not be cancelled.
Earlier in the day Jet Airways surged nearly 5 per cent to hit its highest level in nearly two years to Rs 636.70 on hopes Abu Dhabi's Etihad Airways will buy a stake in the carrier. A business daily reported on Monday that Etihad may decide as early as this week whether it will invest in Jet Airways or in grounded rival Kingfisher Airlines, citing two people familiar with the matter.
17/12/12 Economic Times
