NEW DELHI, faces serious financial turmoil, Kingfisher Airlines has requested assistance from the government for a bailout even though she continued her trip flight restriction for the fifth consecutive day on Friay and stocks fell more than 19 percent to its lowest level of all time, but recovered slightly later.
The severity of the crisis was underlined by the urgent request of Kingfisher Vijay Mallya, owner of the Minister of Finance is Pranab Mukherjee and the Minister of Civil Aviation Vayalar Ravi to help Kingfisher injection of funds from banks at rates low interest, in addition to other concessions in line with what became Air India, sources said.
However, there was no official word immediately if a step was taken on request Mallya made earlier this week.
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