29-Jul-2010 10:46 AM

Kingfisher plans to infuse USD74.9m equity during FY2010/11

Kingfisher Airlines announced plans to infuse USD74.9 million equity during FY2010/11, ending 31-Mar-2011, as part of its financial restructuring (The Economic Times, 28-Jul-2010). The airline also plans to convert USD84.5 million in unsecured loans and preference capital from holding company United Breweries Group during the year. Yesterday, Kingfisher sought a two-year moratorium on all loan repayments.