Kingfisher Airlines to Raise 10 Billion Rupees in Loans, Nedungadi Says
Kingfisher Airlines Ltd. (KAIR), the Indian carrier that’s cut flights and sought government help, plans to raise 10 billion rupees in loans, said Ravi Nedungadi, chief financial officer of parent UB Group.
The carrier has sought a term loan of 1.5 billion rupees to reconfigure its aircraft, he told reporters in Mumbai today.
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