Kingfisher shares surge on TV reports of revival plan
Reuters Market Eye - Shares in Kingfisher Airline (KING.NS) 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.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this
More than 70 percent of Indians are satisfied with the leadership of Prime Minister Narendra Modi since he took office nearly three months ago, an opinion poll showed, seeing in him the best hope to put the economy back on track. Full Article