Kingfisher Airlines IMAGE.
Debt-ridden and with no customers, Kingfisher Airlines posted a Rs 755 crore s loss in the three months to December 31 as its planes sat idle, creditors circled and regulators rebuffed the airline's revival plans.
Kingfisher, which has been stripped of its flying licence, owes an estimated $2.5 billion to banks, staff, airports and oil companies. For the second quarter, the airline announced a record loss of Rs 754 crore, compared with a loss of Rs. 469 crore a year earlier.
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