SBI says KFA lenders to meet in 15 days; Mallya meets staff

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Kingfisher Airlines Kingfisher Airlines
SummaryKingfisher Airlines is neck deep in debts with unserviced bank loans running into over Rs 7,000 crore

over Rs 7,000 crore and accumulated losses and unpaid vendor charges running nearly into Rs 10,000 crore.

Grounded since October 1 last, the airline lost its flying licence on December 31. The airline chairman had said he would started a limited scale operations by the summer but has not been able to convince the lenders and the regulators about financial side of the plan.

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