The board of the troubled Kingfisher Airlines will meet on Monday, ostensibly to take on record the company?s July-September earnings, but sources say matters relating to dues of vendors and airports are likely to take centrestage.

Kingfisher has cancelled scores of flights since the past week and is seeking a government bailout. Though civil aviation minister Vyalar Ravi has urged the finance ministry to ask banks to provide assistance to the airline, banks have, so far, not been forthcoming.

Banks will take a favourable view of the matter only if the airline proves its viability. State Bank of India chairman Pratip Chaudhuri, at a functionorganised by Assocham in Kolkata, said: ?We have called them (Kingfisher Airlines) for a meeting on Tuesday… They will have to come up with a lot of information like the condition of their fleet, how many of them are air-worthy, what is the assurance of their fleet?s landing at different airports…?

Chaudhuri said that as of now, there was no plan for increasing the equity of banks in Kingfisher Airlines ?as we are not investors; we came in as part of restructuring… Restructuring, if at all, will have to be with the endorsement of the RBI ?. Prime Minister Manmohan Singh has not ruled out an in-principle bail out. Also on cards is a clearance by the government to allow foreign carriers to take up to 24% stake in Indian airlines. However, all this will take time and an immediate crisis stares at Kingfisher.

?We have a board meeting scheduled for Monday,” said UB Group CFO Ravi Nedungadi. who is also on the board of Kingfisher. He did not elaborate.

Meanwhile, agency reports quoting sources, said lenders will continue to hold discussions to consider the restructuring of the airline’s debt. ICICI Bank CEO Chanda Kochhar said: ?As far as we are concerned, our exposure is very less. It?s around R400 crore. And our exposure is quite well covered through securities and cash flows outside of the airline as well. In that sense, we are quite comfortable as of now; there are no overdues.?

The GMR group, which manages the Delhi and Hyderabad airports, has threatened to put Kingfisher on ?cash-and-carry? if its dues are not cleared.

Kingfisher owes around R80-90 crore to these two airports. Kingfisher has also assured the Airports Authority of India (AAI) that it will clear part of its dues of R210 crore within a week. Official sources said that AAI chairman VP Agrawal had called Kingfisher Airlines CEO Sanjay Aggarwal and asked him to submit a definite payment plan at the earliest, failing which it could consider tough measures.