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Virgin America 1Q loss but IPO still on; while ICICI sells Kingfisher debt and China cuts fuel

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Virgin America 1Q loss but IPO still on; while ICICI sells Kingfisher debt and China cuts fuel

The Chinese government has cut domestic jet fuel prices by 9% to CNY 6,724 ($1,064) per ton and prices are now 12% down on last year. ICICI Bank has managed to offload its US$99m (430 crore) exposure to Kingfisher. Well done to them and the best of luck to Srei Venture Capital who obviously see some...

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