Goa Villa, Mumbai Workplace Not Up for Sale: Kingfisher Airlines
MUMBAI: each day when lenders asked HDFC Securities to worth Two Kingfisher Properties, the cash- starved airline nowadays said the Goan property isn't up for sale.
"The reported 'sale' of Kingfisher Villa and KingfisherHouse are factually incorrect. Kingfisher Villa (in Goa) is owned by United Breweries Holdings and was offered as security to Axis Bank whose loan was incorporated into the lenders consortium," the airline said in an officer statement this evening.
Yesterday when a gathering between 17-member banking consortium and therefore the airline's management, bankers had said they need employed HDFC Securities to try to to a valuation of the 2 properties, in Mumbai and Goa, price Rs 120 crore to recover a neighborhood of the RS 7,500 crore loans to the Vijya Mallya-led airline.
The Kingfisher statement additional said, "United Breweries Holdings had voluntarily applied to the consortium in February for permission to interchange the protection worth of Kingfisher Villa with equivalent money."
In May, UB group's United Breweries Holdings had said Kingfisher Airlines has ceased to be its subsidiary however it had a major exposure of over Rs 12,000 crore to the air carrier.
The airline had said yesterday that Kingfisher House has been lying vacant when the workers moved to its new offices at The Qube in Mumbai. "...and at that point itself, on our own accord, we have a tendency to approached the banks with a proposal to liquidate this unutilised asset," it added.
The company conjointly said there was no point out loan recovery within the the meeting with the bankers yesterday. "The meeting of the bank consortium was convened within the traditional course with a properly circulated agenda. There was no discussion on loan recovery or forced sale of any collateral," it said.
On the amount of aircraft it's, the airline said its 44 aircrafts endorsed in its AoP and intends to operationalise its full fleet post recapitalisation.
Last week, lessors had taken back as several as 34 aircraft because the airline wasn't able to pay their dues running into over Rs 1,000 crore, reducing its fleet strength to merely concerning 18.
"Plans for recapitalization were shared with the banker as conjointly the standing of the company's discussions with prospective investors. No deadlines whatsoever were mentioned or imposed yesterday," Kingfisher Airlines said nowadays.
It additional said the State Bank is that the leader of the lenders' consortium and is that the solely bank which will issue statements, if any, on behalf of the consortium and therefore the standing of loans provided to Kingfisher. The airline conjointly said it's not laid off workers as a result of it believes that a ramp from operations is feasible post-recapitalization. "The airline continues to use workers currently surplus to its "holding" operations," it said.
On salaries, the corporate admitted that there are delays in salary payment however this can be being addressed seriously, which salary disbursements have already commenced from yesterday and can continue on an everyday basis.
0 comments:
Post a Comment