Reserve Bank enables banks to restructure aviation loans; Kingfisher seeks to raise USD350m

The Reserve Bank of India (RBI) has agreed to ease rules for the restructuring of loans for the nation’s debt-laden airlines. Banks will now be permitted to restructure unsecured aviation loans without classifying them as non-performing assets (Currently under RBI guidelines, only secured loans are eligible for restructuring). [1073 words]

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This report contains the following subheadings:

• High debt levels held by Indian carriers a concern
• Kingfisher to raise USD356 million in share sales
• Jet Airways also raising funds; Air India receives equity infusion; Indigo eyeing IPO
• Outlook: