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 »
12y 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...
12y ago from YallaF1.com
Force India consider Karthikeyan for race seat
10 February, 2013 Vijay Mallya with Narain Karthikeyan
Indian F1 driver...
12y 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...
12y ago from YallaF1.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
22h ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
1d ago from Motorsport.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
1d ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
1d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
1d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
2d ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 6: Nasser Al-Attiyah regains overall...
No description available...
20h ago from Motorsport.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
1d ago from Motorsport.com
Hyundai postpones Thierry Neuville's Monte Carlo test...
No description available...
1d ago from Motorsport.com
Why defending champion Yazeed Al-Rajhi retired from...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Ornstein says Man Utd & Chelsea want £100m star...
David Ornstein has provided the latest transfer information on Nottingham...
49m ago from CaughtOffside.com
Arsenal and Man City set to battle each other for...
Arsenal and Manchester City are reportedly set to battle for Newcastle...
59m ago from SportsKeeda.com
Contact made: Chelsea enquire about signing PL...
Chelsea are reportedly one of the clubs to have made an enquiry about...
1h ago from CaughtOffside.com
Saka set for new deal … and increased output
Morning all. A quick Saturday round-up for you, starting with the news...
1h ago from Arseblog.com
Comments
Hottest News
Audi release first official images of 2026 F1 car shakedown
Audi completed a successful shakedown of its 2026... Read More »
2h ago from RacingNews365.com
The first secrets of Audi’s 2026 F1 car revealed
RacingNews365's technical analyst Paolo Filisetti... Read More »
39m ago from RacingNews365.com
Christian Horner could see F1 return blocked by Mercedes...
Former Red Bull F1 team principal Christian... Read More »
1h ago from GPFans.com
