Kingfisher Airlines debt restructuring provides relief
Kingfisher Airlines stated a consortium of 13 lenders has taken a 23.37% stake in the company after the carrier restructured part of its INR76.51 billion (USD1.73 billion) debt. As part of this, Kingfisher allotted 5.68% of shares, valued at around INR1.8 billion (USD40.7 million), to the State Bank of India on a preferential basis under the debt recast plan. Other companies in the consortium include ICICI Bank, IDBI Bank, Bank of Baroda and Punjab National Bank.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.