Rbi not opposed to banks lending to Kingfisher Airlines
The Reserve Bank of India is ``absolutely not'' opposed to banks lending to debt-laden Kingfisher Airlines if they feel they can recover their money, Deputy Governor KC Chakrabarty told reporters on Wednesday.
Kingfisher Airlines is working with a consortium of banks to further reduce interest costs, while the carrier is looking at sale and lease back of some of its aircraft to reduce loans, its chairman said at the company's annual shareholders meeting.