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
Trending On Reuters
The government sold a 10 percent stake in state-run behemoth Coal India on Friday, in a bumper sale which saw demand from institutional investors marginally exceed supply, giving a welcome boost to the government's faltering divestment drive. Full Article