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Old 6th Aug 2011, 15:30
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Towerman
 
Join Date: Jan 2004
Location: Surrey
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Kingfisher - Is the writing on the wall?

Kingfisher are struggling to pay huge fuel debts and airport fees - most aircraft owners and banks are owed rent payments dating back several months. Some aircraft are grounded or out of service and there are some repossessions imminent.

Of course KF have been through all this but this time there seems to be some determination not to allow KF to continue to rob Peter to pay Paul and use delaying tactics with creditors to manage cashflow. The question is whether United Breweries will keep funding the operation.? A challenging few months ahead.
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