India’s private-sector carrier Kingfisher Airlines on Friday approved raising up to 20 billion rupees ($432.7 million) through a rights issue of shares in an effort to trim its huge debt. The company, backed financially by chairman and liquor baron Vijay Mallya, has not given any time-frame or details of the proposed issue. The airline, which had reported a net loss of 2.6 billion rupees in the April-June quarter, has been trying to raise funds through a global depository receipts (GDR) ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "Kingfisher Airlines To Raise Funds Via New Share Sale".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.