Asia/Pacific

KINGFISHER APPROVED FOR DEBT RESTRUCTURING PLAN

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KINGFISHER APPROVED FOR DEBT RESTRUCTURING PLAN

Debt-ridden Kingfisher Airlines has received preliminary approval from lenders for a debt restructuring plan to cut interest costs. The airline, which owes more than Rs 6,000 crore, is being restructured as part of the Reserve Bank of India-sanctioned relief package for the airline industry. SBI Cap...

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