MARKET EYE-Kingfisher shares surge on TV reports of revival plan

Mon Dec 24, 2012 2:31pm IST

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*  Shares in Kingfisher Airline rise by the maximum
daily limit of 5 percent after TV news channels reported the
company has submitted a revival plan to the civil aviation
authorities, without citing sources.
* Kingfisher was not immediately available to comment.
* The Directorate General of Civil Aviation, India's aviation
regulator, suspended Kingfisher's licence to fly in October
after months of cancelled flights and staff walkouts.

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