Kingfisher has funds to resume ops: Mallya

December 17, 2012 22:26

Kingfisher promoter Vijay Mallya is ready to infuse funds, estimated to be in the region of Rs 425 crore, into the airline to restart operations in a phased manner as and when the DGCA gives the go-ahead.

"They have a plan for limited restart. They may start with a certain number of flights, of say five aircraft, and go up within three to four months. They need Rs 425 crore for resuming the operations, which they will manage on their own," SBI Deputy Managing Director for mid-corporates Shyamal Acharya told reporters.

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