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| Butchery In Syria |
 FOREIGN military intervention
in Syria offers the best hope for
curtailing a long, bloody and
destabilizing civil war. The
mantra of those opposed to
intervention is 'Syria is not Libya'. In
fact, Syria is far more strategically
located than Libya, and a ... |
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| 'REMARKABLE'
ANTHONY SHADID |
 IKNEW him through the time
of the revolution, seated -
perched really - at a round
table in the Cairo bureau of
The New York Times. He was
never alone. He had no office. The
old three-legged wooden table was
not a desk.
The pressure over the 18 days
leading to Hosni Mubarak's fall
never relented. Nor did his ... |
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Kingfisher receives $163.5mn in investment offers
REUTERS
NEW DELHI
DEBT-LADEN Kingfisher Airlines has received recapitalisation offers worth 8 billion rupees from two Indian investors, the Times of India said on Saturday, citing the carrier’s Chairman Vijay Mallya.
The investors would get a combined 24 percent stake in the airline if the deal succeeds, the report said citing Mallya.
Desperately strapped for cash, Kingfisher stands on the brink of collapse after nearly a week of flight cancellations and resignations by dozens of its pilots.
Kingfisher has not turned a profit since it was founded in 2005 and is carrying a debt burden of at least $1.3 billion.
Its revenue has been in decline since the end of last year. Staff are not being paid and tax bills remain outstanding. “There’s a deal offer from two Indian investors to recapitalise. We have their termsheets,” the report quoted Mallya as saying.
“They are large investors and I would leave it there.” Valued about $245.4 million by the stock market, shares in Kingfisher Airlines fell 4.35 percent on Friday to 24.20 rupees in a weak Mumbai market.
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