Cash-strapped KF may face eviction for rent default
May 04, 2012  12:18
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How the might fall!

Vijay Mallya-promoted Kingfisher Airlines hit another air pocket with two real estate developers slapping eviction notice on it for allegedly defaulting on rent payments since last November.

 

The airlines sources confirmed the development and said the management is negotiating with the developers to resolve the deadlock. 

 

The cash-strapped airline has a rented property in the Andheri suburb of the city, from where it is running a part of its operations, while the main administrative office is located at the Kingfisher House, which the promoter Mallya has been planning to monetise to raise some working capital funds for the airline. 

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