PPRuNe Forums - View Single Post - Kingfisher Airlines declares temporary lockout
Old 5th Oct 2012, 06:38
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thegrapevine
 
Join Date: Oct 2011
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Interesting point!! I cannot recollect where i read this, but it mentioned that Kingfisher Airlines if does not fly (operate) will incur a loss of 4 crores (INR) a day and if it does operate those 10 odd aircrafts , it will incur a loss of 8 crores(INR) a day. I think one doesn't need a MBA degree in finance to realize how deep in debts they are and how miserably the airline was being run...

Also heard that the partial lockdown , has been extended to 12Th of october. I guess the dates will keep postponing!!
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