Kingfisher Airlines in talks with investor for potential stake sale: Report

Kingfisher Airlines is reportedly in talks with a foreign investor for a potential stake sale, however, the company has not yet disclosed any name. The company has been, many times, in talks with potential investors, but the plans have not materialized so far.

The airline has been grounded from October 2012 and since December it has lost its flying license. The 17 lenders of the airline owe them nearly Rs 7,500 crore in principal, excluding arrears since January 2012. As a part of their recovery, they have sold sureties and shares of the airline as well as group companies worth around Rs 1,000 crore so far.