Kingfisher can breathe

By Hemal Shah 1
Kingfisher Airlines - Fly Kingfisher

Kingfisher gets a breather for a little time.

It was a call they had to take. Its not clear from what I read in the press when they are going to repay the dues. But Kingfisher can now add fuel to its aircrafts by using the Cash and Carry format.

Cash and Carry format is as same as what we do in our daily lives. We go to a super market with a Debit or Credit card, pay the money for what we have got and go home. Similarly, Kingfisher would pay the OMCs (Oil Marketing Companies)  the amount for the fuel purchased on the spot. No Credit.

This move is a time saver for Vijay Mallay to get more time to arrange for the much needed cash for his struggling airline.

Hemal Shah 387 posts 435 comments

Hemal is the author and curator at Indianomics. He also records and uploads videos at our YouTube channel Indianomics TV. He works and lives in Mumbai, and is a thought leader in visual design and content management. With 17+ years of experience, Hemal can help you with Digital Marketing, Content Design & Management, and Creative Visualization.

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1 Comment
  1. Susan Kishner says

    Just wanted to say HI. I found your blog a few days ago on Technorati and have been reading it over the past few days.

    Reply

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