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Mallya’s Kingfisher on the verge of collapse
Mallya's Kingfisher on the verge of collapse 14 February, 2013 Kingfisher airline counter
Force India F1 team boss Vijay Mallya's grounded airline Kingfisher appears to be on the verge of 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...
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