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Posted: 13 Nov 2011 | 11:25 am
India's second largest airline Kingfisher is reportedly in the midst of a fight for its commercial life according to media reports.
With plunging share prices and mounting flight cancellations including a disruption to its Bangkok service the fate of the carrier is carrying massive amounts of debt.
Kingfisher founder Vijay Mallya has continued to be quoted in the financial press that the airline bounce back, despite a large exodus of pilots and calls from leasing companies who provide aircraft on overdue payments.
Formula 1 may also see a trickle effect in sponsorship for the 2012 season with Kingfisher co-owning the Force India team.
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CENTEL 36.00 - 1.25 %
DTC 59.25 + 1.25 %
ERW 4.16 - 0.04 %
GRAND 1.12 - 0.01 %
LRH 28.50 - 1.00 %
MANRIN 25.75 - 1.00 %
MINT 24.00 0.00 %
ROH 27.00 0.00 %
SHANG 50.00 + 0.75 %
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