Kingfisher Protests Rumors Of Imminent Shutdown
By Jay Menon .
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India’s debt-ridden Kingfisher Airlines is rejecting speculation that it soon will shut down and instead is taking steps it hopes will enable the carrier to turn a profit. Chairman Vijay Mallya, after announcing a second-quarter net loss of 4.69 billion rupees ($94 million), tried to stem worries about the carrier’s future by saying all airlines in ... |