Kingfisher should infuse Rs 2k cr for revival: SBI
Kingfisher Airlines should infuse at least Rs 2,000 crore for reviving the carrier, SBI Chairman Pratip Chaudhuri said recently.
Kingfisher Airlines, owes Rs 7,500 crore to a consortium of 17 banks led by SBI.
“The company has to bring capital of Rs 2,000 crore minimum, then there can be some possibility (for revival)...if the company doesn’t want to fly, what can the banks do?”
Chaudhuri said. Referring to the repeated rounds of inconclusive dialogue between the lenders and the company, the last round of which took place at the SBI office yesterday, he said, “talks are on, (but) still there is no progress.”
“The solution has to come from the company. If we realise assets, whatever hopes are there, that will be gone,” he added
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