Kingfisher Must Win Bankers’ Permission To Fly Again, Minister Says
India says Kingfisher must get bankers’ permission to fly (via AFP)
India’s aviation minister warned grounded airline Kingfisher Tuesday that the debt-laden carrier will need to get clearance from its bankers to fly again. The airline, which analysts estimate owes $2.5 billion to employees, banks, airports, back taxes and other items, has been grounded since October…
