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India: the properties of the carrier Kingfisher Airlines used to repay the creditors

Mumbai, India - The debts of the airline amount to USD 1.5 billion

After the suspension of operations in 2012 and the withdrawal of the license on the following year, continues the unhappy moment for the carrier Kingfisher Airlines (KA) and its founder, the entrepreneur and Indian politician Vijay Mallya. A recent court ruling in Mumbai compels the airline to give its HQ, "Kingfisher House" worth USD 15 million to the creditors; a drop in the ocean, because the...

AVIONEWS - World Aeronautical Press Agency - 1166465
Rome, Italy, 02/25/2015 17:45
AVIONEWS - World Aeronautical Press Agency

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