KFA needs at least Rs 10 bn to restart operations: Minister

Grounded carrier Kingfisher Airlines needs at least 10 billion rupees to restart operations, aviation minister Ajit Singh told reporters on Tuesday.

January 25, 2013 / 18:52 IST

live

bselive
nselive

Volume

Todays L/H

Grounded carrier Kingfisher Airlines needs at least 10 billion rupees to restart operations, aviation minister Ajit Singh told reporters on Tuesday.

All stakeholders will have to give no-objection certificates for the carrier to fly again, he said.

Earlier, a government source told reporters India is willing to support the revival plan of Kingfisher Airlines if it were to settle its employees' dues.

first published: Jan 22, 2013 05:44 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347