News Details
Mallya's Kingfisher airline in trouble
Force India boss Vijay Mallya's grounded airline Kingfisher appears close to folding.
Respected business newspapers, including the Wall Street Journal, said plans by Kingfisher's lenders to recall loans is "likely to cause severe financial strain" across Mallya's entire portfolio.
"Fifteen days earlier, I would have given a confident answer. Today I have none," an unnamed 'senior Kingfisher executive' is quoted as saying.
An aviation official told the Times of India newspaper: "It is almost the end of the road for Kingfisher."
The Business Standard said among collateral available to lenders are assets like helicopters, while Mallya's villa in Goa, India, is...
Full Story »
Full Story »
13y ago from GrandPrix.com
0
You May Also Be Interested In...
Mallya’s Kingfisher on the verge of collapse
Mallya's Kingfisher on the verge of collapse 14 February, 2013 Kingfisher...
13y ago from YallaF1.com
Force India consider Karthikeyan for race seat
10 February, 2013 Vijay Mallya with Narain Karthikeyan
Indian F1 driver...
13y ago from YallaF1.com
Sutil not giving up on Force India race seat
12 February, 2013 Adrian Sutil with Paul di Resta
Adrian Sutil is still...
13y ago from YallaF1.com
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media reports MotoGP’s revenue and losses...
No description available...
6h ago from Motorsport.com
Tech3 close to deciding between KTM and Honda for 2027...
No description available...
9h ago from Motorsport.com
Johann Zarco: 'Maybe I have a chance' of repeat French...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Zanardi: The man whose name is a synonym for...
No description available...
1h ago from Motorsport.com
Conor Daly tops Indy 500 test with 225mph lap on...
No description available...
1h ago from Motorsport.com
How to watch IndyCar 2026 Indy GP: Weekend schedule,...
No description available...
3h ago from Motorsport.com
Graham Rahal “not a fan” of new rule allowing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg grabs Rally Portugal lead as Hyundai...
No description available...
4h ago from Motorsport.com
Why WRC drivers expect Portugal to deliver a rally...
No description available...
11h ago from Motorsport.com
Hyundai brings WRC engine upgrade to Rally Portugal
No description available...
15h ago from Motorsport.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Brazilian defender emerges as a target for Arsenal as...
Brazilian defender Wesley has done quite well for AS Roma, and Arsenal are...
2h ago from CaughtOffside.com
Champions League review: a punch for Arteta and are...
teams for the final in Budapest are set. We look at how they got there...
5h ago from TheGuardian.com
PSG v Arsenal: six factors that could decide the...
ping Ousmane Dembélé quiet will be tough but Mikel Arteta’s side have...
5h ago from TheGuardian.com
Arsenal ready to splash UCL cash on 28-G/A star who is...
Arsenal are reportedly interested in signing the PSG attacker Khvicha...
6h ago from CaughtOffside.com
Comments
Hottest News
Oscar Piastri stunned by brutal Charles Leclerc attack
McLaren F1 star Oscar Piastri's reaction to a... Read More »
2h ago from GPFans.com
Daniel Ricciardo heading to iconic race: 'Never been more...
Former F1 star Daniel Ricciardo has confirmed... Read More »
3h ago from GPFans.com
Red Bull fury over 'childish' McLaren as 'animosity'...
Over the Miami Grand Prix weekend, Zak Brown... Read More »
4h ago from GPFans.com
