UB Group will fund Kingfisher' revival: Sources

Karma Paljor, CNN-IBN | Oct 26, 2012 at 02:16pm


New Delhi: In the latest twist to the Kingfisher Airlines crisis, sources on Friday said that the money to revive the cash-strapped airline will come from Vijay Mallya's UB Group as there is no investor available in the near term. Kingfisher CEO Sanjay Aggarwal met the Directorate General of Civil Aviation (DGCA) officials on Friday afternoon and will now meet Mallya to discuss the revival plan.

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