Kingfisher Airlines, a top airline company in India, had incurred considerable losses and its net worth had been eroded. International and Indian press extensively covered this news. Media and analysts were of the view that Kingfisher desired equity infusion to direct it through the misery. Due to the financial issues, the business’s stock was trading at near-historic lows and its own equity value was, actually, negative.
Yet business direction was emphatic although it was negotiating a debt restructuring that is second with banks that Kingfisher was on the road to recovery. Could anything save Kingfisher from this grave fiscal situation? Durga Prasad is associate with T A Pai Management Institute.
This is just an excerpt. This case is about FINANCE & ACCOUNTING
PUBLICATION DATE: May 29, 2015 PRODUCT #: W15188-HCB-ENG
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