Civil aviation minister rules out Kingfisher bailout

November 11, 2011 16:05

Civil Aviation Minister Vayalar Ravi today ruled out any sort of bailout to be given to the financially stricken Kingfisher Airlines.

The minister however said that the Airline is free to approach the banks for the rescue."There will be no bailout to Kingfisher but it can approach the banks,' the Aviation Minister said. Ravi also added that Kingfisher authorities had approached him for help but he told them to speak to Pranab.

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