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
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1h ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
3h ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
1d ago from MotorsportWeek.c...
2027 MotoGP bikes may not be slower at half the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
21h ago from MotorsportWeek.c...
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
21h ago from Motorsport.com
Winners and losers from an action-packed IndyCar race...
No description available...
1d ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Safari Rally Kenya will be more of a lottery than...
No description available...
2h ago from Motorsport.com
Hankook introduces new WRC tyre at Safari Rally Kenya
No description available...
21h ago from Motorsport.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
1d ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Winless in six games - what went wrong for PL clubs in...
English clubs were riding high in Europe heading into this week's last-16...
57m ago from SkySports.com
After breakup with Alisha Lehmann, Douglas Luiz...
Aston Villa ace Douglas Luiz has confirmed a relationship with Arsenal...
37m ago from SportsKeeda.com
Arteta told he has 'brave decision' to make after...
Arsenal manager Mikel Arteta has been told that he may have a 'brave...
17m ago from CaughtOffside.com
Chelsea explore surprise transfer raid for Arsenal...
Chelsea are reportedly exploring a surprise potential transfer move for...
1h ago from CaughtOffside.com
Comments
Hottest News
Fred Vasseur claims 'Ferrari would have won F1 title' if...
Ferrari team principal Fred Vasseur has pointed... Read More »
3h ago from GPFans.com
Aston Martin gets testy over Honda battery questions in...
As Aston Martin and its engine partner Honda sat... Read More »
2h ago from F1i.com
Russell: Ferrari being 'selfish and silly' over F1 start...
Mercedes driver George Russell has accused... Read More »
2h ago from SkySports.com
