Private equity player TPG has reportedly expressed interest in buying stakes in Kingfisher Airlines, which has suspended its operations due to financial crunch and other related issues. Earlier, Kingfisher Airlines was in talks with foreign players to infuse the much-needed equity into the airline. TPG is considering 9-10% stake purchase in the airline.
Moreover, the airline is expected to submit a comprehensive revival plan to lenders in the coming days. If it presents a convincing survival plan to bankers who have lent around Rs 8,000 crore to the company, it will take around six months for the airline to turnaround.
