Kingfisher to sell half of its property
Right now as we all know Kingfisher Airlines is on heavy debt. So, to cut down the debt burden the board of Kingfisher Airlines (KFA) will be selling half of its property.
Kingfisher management committee has already cancelled 200 flights in the previous week, they have developed the fear of bankruptcy.
This plan initiated by the management has brought them confidence to reduce the debts from Rs 6,500 crore to Rs 3,000 crore.
Source: The Economic Times
Tags:
Bankruptcy, Board of Kingfisher Airlines, Flights, Kingfisher Airlines (KFA), Kingfisher management committee, Property
[...] Kingfisher to sell half of its property [...]
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