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.

To contact the reporter on this story: Siddharth Philip in Mumbai at sphilip3@bloomberg.net

To contact the editor responsible for this story: Hari Govind at hgovind@bloomberg.net

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