Pratip Chaudhuri, SBI chairman said, "Banks' consortium has done everything possible to make the company (Kingfisher) work. Only the company is not working... The management has to get capital. We have given time till November 30 that they should get capital otherwise the company will not fly...."
He said that the group of banks have been meeting regularly to help the airline and added that the cash-strapped airline would not be able to get investors if it is not flying.
Earlier, Directorate General of Civil Aviation (DGCA) had suspended the flying licence of Kingfisher following the airline's failure to come up with a feasible plan of financial and operational revival.
Dion Global Solutions Ltd