Kingfisher Airlines spurts over 4% after Mallya promises for revival plan

Kingfisher spurts over 4% after Mallya promises revival
Shares of troublesome domestic carrier Kingfisher Airlines jumped over 4 per cent in early trade on Bombay Stock Exchange (BSE) after the company's chairman Vijay Mallya assured to pay pending salaries to employees soon.

Mallya re-assured that he will personally submit the long pending revival plan to the airport regulator by next week.

Riding high on hopes, shares of the company gained as much as 4.62 per cent to trade at Rs 9.05 a piece on the BSE.

In a similar fashion, shares of the company were quoting at Rs 8.95 a piece, up 2.87 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 18,801.50, up 8.63 points or 0.05 per cent at 9:44 hours.

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Story first published: Friday, March 22, 2013, 13:31 [IST]
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