Dubai carrier Emirates is believed to have signalled an early interest to acquire a stake in the troubled Kingfisher Airlines with riders that the latter hammers out long-term loan restructuring and revamp the business plan with a realistic chance of survival.
Kingfisher chairman Vijay Mallya met the consortium of lenders in Bangalore on Thursday to talk about plans to recapitalize the company after the government allowed foreign carriers to pick up 49% stake in domestic airlines. The lenders have decided to appoint SBI Capital Markets to recommend actions required to get the airline back on track.
"All that I would say is that we had a good meeting with the lenders. There are confidentiality clauses between the banks and the client, and I will not say any further," Mallya told TOI. Lenders said they have not been informed about any definitive FDI proposal by the Kingfisher management in the meeting.
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