News Details
Mallya's Kingfisher in trouble
Vijay Mallya's Kingfisher Airline is in trouble after 17 banks called in loans totaling $1.3bn.
Kingfisher Airline has been grounded since last October while the company's aviation licence expired in December.
But while news of the debt is not new, according to the Financial Times the 17 banks led by State Bank of India have now decided to recall their loans.
The newspaper reports that Mallya's "creditors have run out of patience and are calling in loans to Mallya's Kingfisher Airlines, some of them bearing the billionaire tycoon's personal guarantee, you'd think a few of these playthings might be about to change hands. Well, maybe just a few..."
Force India, though, recently...
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13y ago from PlanetF1.com
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