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Delivery of 80 aircrafts has been deferred.
• In airline business a full service carrier takes some 5 to 8 years to break even.
• Last fortnight Kingfisher cleared Rs167cr of Rs 967cr to oil companies and Rs 50cr of Rs 220cr to Airport Authority of India.
• After a default of lease payment to GE on aircraft leasing, Kingfisher had to return 4 of its Aircrafts to the lessor.
• On one side the decrease in ATF prices has led to the decrease in monthly expenditure from Rs540cr to Rs 480cr and on the other side depreciating rupee is playing spoil sport.
• Due to the mounting losses Kingfisher is looking for a strategic investor with whom he can make operational alliance too...
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