Facing severe turbulence, Kingfisher Airlines started d
operations in accordance with its new flight schedule, as the Directorate
General of Civil Aviation examined its operational details to consider whether
to take any punitive action against it for flouting the norms. There is still
uncertainty over moves by a consortium of 13 bankers to offer fresh loans for
the beleaguered carrier, amid reports that State Bank of India has agreed to
provide Kingfisher a Rs 1,650-crore relief package. But the bankers were
tight-lipped about their plans.
“If the banks find it good business, they will loan their money (to
Kingfisher). .... At the same time, the Government is not going to ask banks to
loan money to any private indust.....
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