Will KFA be dead soon?

Shares of Kingfisher Airlines surged 4.11 percent in early trade on a volume of 3.99 million shares, ahead of a meeting of the creditors to discuss the future of the loans given to the troubled carrier. The debt-ridden airline has been struggling to raise funds to stay afloat. The lenders have lost hope that the company will be able to bring in capital and may resort to sales of its assets, a Reuters report said. Kingfisher has a debt of $1.4 billion as of March-end. The Reuters report said three bankers involved in the process would consider invoking securities and guarantees against the debt to recover their money. Read more