News Details
Mallya's Kingfisher in trouble
Vijay Mallya's Kingfisher Airline is in trouble after 17 banks called in loans totaling $1.3bn.
Kingfisher Airline has been grounded since last October while the company's aviation licence expired in December.
But while news of the debt is not new, according to the Financial Times the 17 banks led by State Bank of India have now decided to recall their loans.
The newspaper reports that Mallya's "creditors have run out of patience and are calling in loans to Mallya's Kingfisher Airlines, some of them bearing the billionaire tycoon's personal guarantee, you'd think a few of these playthings might be about to change hands. Well, maybe just a few..."
Force India, though, recently...
Full Story »
Full Story »
13y ago from PlanetF1.com
0
You May Also Be Interested In...
Mallya's Kingfisher airline in trouble
Force India boss Vijay Mallya's grounded airline Kingfisher appears close...
13y ago from GrandPrix.com
Mallya’s Kingfisher on the verge of collapse
Mallya's Kingfisher on the verge of collapse 14 February, 2013 Kingfisher...
13y ago from YallaF1.com
Are Ferrari in trouble again as F138 slower than...
7 February, 2013 Felipe Massa at Jerez
Felipe Massa was eighth fastest...
13y ago from YallaF1.com
Elsewhere On The Network
Popular On MGPToday.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
4h ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
2d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
2d ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
1d ago from MotorsportWeek.c...
Zanardi: The man whose name is a synonym for “hero”
No description available...
21h ago from Motorsport.com
Mick Schumacher shares injury update after breaking...
No description available...
3d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
4d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
3d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
4d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Atletico Madrid Prediction and Betting Tips...
The UEFA Champions League features another set of knockout matches this...
4h ago from SportsKeeda.com
‘Might leave..' – Ex-player names Arsenal...
As the season approaches its dramatic conclusion this May, the tension...
4h ago from CaughtOffside.com
English defender is convinced he is joining Arsenal in...
Several players are being linked with a move to Arsenal with Mikel Arteta...
5h ago from CaughtOffside.com
Fit and firing Bukayo Saka injects fresh belief into...
astating cameo highlighted the crucial role the winger has to play if...
4m ago from TheGuardian.com
Comments
Hottest News
FIA president announces massive F1 U-turn as exciting...
FIA president Mohammed Ben Sulayem has made a... Read More »
1h ago from GPFans.com
F1 Miami Grand Prix: Fans told to evacuate stands as...
F1 fans and personnel have been told to evacuate... Read More »
3h ago from GPFans.com
When angry Mansell advised journo 'to see a psychiatrist'
On this day in 1992, Nigel Mansell conquered his... Read More »
44m ago from F1i.com
