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Kingfisher shares drop after licence suspension
A lone Kingfisher Airlines customer waits in a check-in queue at Mumbai's domestic airport February 21, 2012.
Credit: Reuters/Vivek Prakash/Files
MUMBAI |
MUMBAI (Reuters) - Shares in Kingfisher Airlines Ltd (KING.NS) dropped 4.8 percent on Monday, after its licence was suspended on Saturday.
Kingfisher's licence was suspended after it failed to address the regulator's concerns about its operations, forcing the debt-laden carrier to stop taking bookings.
(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)
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