Airbus Group NV said it’ll keep an 82-plane order from defunct Kingfisher Airlines Ltd. on its books while there’s still a chance that the Indian carrier might find a buyer which would require new aircraft.
Kingfisher Airlines Ltd. pilots and engineers said they will strike until seven months of unpaid salaries are settled, increasing the pressure on Chairman Vijay Mallya who has personally guaranteed $1.1 billion of the cash- strapped carrier’s debts.
State Bank of India, the biggest lender to grounded Kingfisher Airlines Ltd., said it will seize collateral pledged by the company after the carrier’s Chairman Vijay Mallya filed a lawsuit to stop the creditors.
SpiceJet Ltd., the Indian budget airline that posted a record annual loss last week, said it’s in “very advanced” talks with an external investor for an infusion of capital. The shares rose to the highest in a month.
Kingfisher Airlines Ltd., the Indian carrier that stopped flying in October because of a cash crunch, plans to restart services with funds from parent UB Group, according to an e-mail Chairman Vijay Mallya sent to employees.