Article: India : Kingfisher seeking [pounds sterling]400 million private equity infusion.

Byline: pinto03

India's Kingfisher Airlines is looking to raise [pounds sterling]400 million ($670 million) from private equity investors, as it struggles with fuel bills and India's competitive aviation market.

Kingfisher Chairman Vijay Mallya says that the carrier is in discussions for the private equity infusion, according to Indian media reports. The funds would be used to pay down debt and reduce its interest burden, Mallya is reported as saying.

On 5 November, Kingfisher reportedly made an out of court settlement with Bharat Petroleum Corp (BPCL) for outstanding jet fuel bills of 3.14 billion Indian rupees ($66 million).

The ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!