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Kingfisher Airlines plans to raise up to $175 mn by Mar 2010
Private carrier Kingfisher Airlines plans to raise up to 175 million dollars (about Rs 840 crore) before March next year through rights issue and global depository receipts (GDR). "Yes, we are planning both rights issue and GDR placement. The combined amount will be about 150-175 million dollars," UB Group Chief Financial Officer Ravi Nedugandi told PTI. The airline is likely to get the first delivery of the world"s largest aircraft Airbus A380 in 2014, which was scheduled for delivery in 2012. The airline has faced problems clearing its fuel bills. Petroleum Minister Murli Deora had informed Parliament in July that Kingfisher Airlines owes over Rs 950 crore to state-run oil companies in unpaid jet fuel bills.singapore limousine commented:
King Fisher Airlines is planning to raise money for expanding its business. You can be sure there will be some improvement in the airlines
01.12.2011
cheap hotels booking in Valencia commented:
Such planning is showing their high aim and I wish them good luck for getting success in that. It can give boosting effect to economy too.
16.01.2012
car rental Singapore commented:
Kisgfisher airlines is now very much underwater and the debt on this airline is mounting very much so keep their this operation going and running, they are planning to raise money.hopefully this will be sorted out soon and customer will enjoy their trips.
19.01.2012