Lenders to have crucial meeting with KF today
18 Jan 2013 7:14 AM IST
The meeting between bankers and management of ailing Kingfisher Airlines on Friday is being considered crucial as it will determine the future course of action by lenders.
'It will really be a challenging day for Vijay Mallya (airline promoter and its Chairman) and bankers to really come to a platform, whether we can sail through the crisis together,' Central Bank of India Chairman and Managing Director M V Tanksale said on Thursday.
Tanksale, whose bank is one of the lenders to the grounded private carrier, was talking to reporters on the sidelines of an banking technology expo event here.
'Calling it a day is the easiest job to happen but then to make sure that whether the airline can sail through (is a tough call)..,' he said. Referring to reports that KFA is planning to have a limited re-launch with seven aircraft by February-end, Tanksale said if there are hopes for the airline, then the bankers would support that hope.
'Newspapers say by February, seven (KFA) aircraft will be flying. If some hopes are there for that, we will be there to support the hopes.'
He said despite the enthusiasm shown by bankers in the wake of the Rs 11,166-crore deal between Mallya-led United Spirits Ltd (USL) and UK-based Diageo, nothing had changed.
'It will really be a challenging day for Vijay Mallya (airline promoter and its Chairman) and bankers to really come to a platform, whether we can sail through the crisis together,' Central Bank of India Chairman and Managing Director M V Tanksale said on Thursday.
Tanksale, whose bank is one of the lenders to the grounded private carrier, was talking to reporters on the sidelines of an banking technology expo event here.
'Calling it a day is the easiest job to happen but then to make sure that whether the airline can sail through (is a tough call)..,' he said. Referring to reports that KFA is planning to have a limited re-launch with seven aircraft by February-end, Tanksale said if there are hopes for the airline, then the bankers would support that hope.
'Newspapers say by February, seven (KFA) aircraft will be flying. If some hopes are there for that, we will be there to support the hopes.'
He said despite the enthusiasm shown by bankers in the wake of the Rs 11,166-crore deal between Mallya-led United Spirits Ltd (USL) and UK-based Diageo, nothing had changed.
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