Thursday, 1 March 2012

Delhi: Kingfisher Airlines

New Delhi: The ground staff and technicians of cash-strapped Kingfisher Airlines at Delhi's Indira Gandhi International Airport are on a strike.

Thursday is the second day of their strike against non-payment on salaries for months.

Kingfisher Airlines, owned by Indian liquor baron Vijay Mallya, is in talks with two foreign carriers, including International Airlines Group (IAG), the owner of British Airways and Iberia, for a potential rescue package, a report said.

This could pave the way for IAG to take a minority stake in the troubled Indian airline, a report by 'The Times' said.

Earlier, State Bank of India (SBI), the lead lender to Kingfisher Airlines said it will not consider any fresh loans for the debt-laden carrier until it raises new equity itself.