Kingfisher Airlines wasn’t looking for any bailout

Vijay Mallya Chairman and promoter of Kingfisher Airlines’ , on Tuesday mentioned that the firm wasn’t looking for any bailout and also would now consentrate on high-end business. Mallya mentioned there will be no massive lay offs but the firm was planning at cutting costs.

‘The govt should think about allowing FDI in aviation as well as reiterated that the firm can’t afford to fly highly loss-making paths. Whole issue in aviation space is required to be addressed, the entire sector is struggling with problems and the expressed policy of the govt is to encourage FDI,’ mentioned Mallya.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

Common shares

Common shares Common shares are standard shares with no particular restrictions or rights and have the potential to provide the highest financial gain, but ordinary shares (common ...…

How does one buy Shares?

How does one buy Shares? Shares are bought and sold on the stock exchanges ( nse , bse market ) -- the two main ones in India are the NSE ...…

National Stock Exchange Of India (NSE)

National Stock Exchange Of India (NSE) National Stock Exchange (NSE), found in the 1990s as a demutualised electronic exchange by Indian financial institutions.  Today, NSE is India's biggest exchange and second ...…

Investment Definition

Investment Definition Investment means; investing money in property, equity (stock and share), bonds and business or purchasing goods for making more money. Education and health Expenditure is ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics