Kingfisher Airlines plans global depository receipts in 10 weeks
The airline is expected to turn profitable from fiscal year 2011-12, said Ravi Nedungadi, chief financial officer of the UB group, which controls the airline.
Kingfisher Airlines Ltd is likely to launch a $100 million global depository receipts issue in 8-10 weeks, a senior official said on Wednesday.The airline is expected to turn profitable from fiscal year 2011-12, said Ravi Nedungadi, chief financial officer of the UB group, which controls the airline.