Private airlines owe a total of Rs 14,573 crore to state-run banks, with loss making air carriers Kingfisher Airlines and Jet Airways together accounting for almost 80 per cent of the outstanding as on the second quarter of 2011-12. While country's second largest airline Jet Airways owes Rs 5,899 crore to public banks, the outstanding amount of struggling air carrier Kingfisher Airlines is Rs 5,748 crore, Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha today. He was giving details of total loans given to private airlines as on the second quarter of last fiscal. One being asked if State Bank of India, leader of consortium of lenders to debt-strapped Kingfisher Airlines, plans to lend more to the company, Meena said the lender "has not extended any further relief to Kingfisher Airlines". Kingfisher Airlines has a debt of Rs 7,057.08 crore and the financial crunch has hit its operations with dozens of flights being either cancelled or clubbed
GMT 19:00 2018 Friday ,14 December
Air Berlin’s administrator sues Etihad for up to €2 billionGMT 12:52 2018 Tuesday ,27 November
Road accidents in Egypt down by 24.2% in first half of 2018GMT 15:01 2018 Monday ,26 November
Koreas to launch joint railway inspectionGMT 12:32 2018 Thursday ,15 November
Flights temporarily suspended at Kuwait Airport due to low visibilityGMT 14:44 2018 Tuesday ,30 October
Russian, Chinese government to discuss visa-free exchangeGMT 12:32 2018 Saturday ,29 September
Citilink to serve regular flights to three cities in ChinaGMT 16:23 2018 Wednesday ,26 September
Passenger who threatened to blow up plane at Siberian airportGMT 16:34 2018 Tuesday ,25 September
Reviving Mandra-Chakwal railway line "Railways Minister"Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor