Debt Pummels Kingfisher Airlines
Credit: Joepriesaviation.net
The “King of Good Times” is moving from bad to worse. India's cash-strapped privately-owned Kingfisher Airlines is caught in severe financial turbulence and is gasping for additional bank funding or a government bailout to stay afloat. Saddled with debt of more than $1.5 billion, the country's third...
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