New Delhi, Dec. 5:
Kingfisher Airlines’ promoter Vijay Mallya has sought more time with the
17-bank consortium to present a suitable proposal for the beleaguered private
carrier.
Following this request, the bank consortium on Wednesday rescheduled its
meeting to December 17 to consider the Kingfisher Airlines’ matter, sources in
the banking industry said.
The bankers’ had earlier planned their meeting at Mumbai on December 8.
No specific venue has been decided yet for the December 17 meeting, sources
said. The 17-bank consortium has exposure of about Rs 7,000 crore to the ailing
private carrier. The Government had recently amended the foreign investment
rules to allow foreign airlines to pick up to 49 per cent stake in domestic
airlines.
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