Kingfisher Airlines to reduce interest cost
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.
CNBC-TV18's Gopika Gopakumar reports that Kingfisher Airlines has stated to the 17-bank consortium that it will provide for the sum of Rs 425 crore required for partial restart of operations.