What lies ahead for Kingfisher?

Shares of Kingfisher were down 4.8% to Rs.10.90 apiece at 10.15am on Monday after India’s aviation regulator suspended its licence on Saturday. Is this the end of the road for Kingfisher? The grounded airline owes $2.49 billion (around Rs.13,400 crore today) to creditors and had accumulated $1.9 billion in losses by 30 June, according to the Centre for Asia Pacific Aviation (CAPA), a consultancy.

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