Media reports had suggested the trip would begin as soon as Sunday and last two days
Indian rules require at least half of the directors on a publicly listed company to be independent. Kingfisher’s board was left with just three executive directors, including Chairman Vijay Mallya, after it lost four independent directors in the last one year.
Kingfisher named Manmohan Singh Kapur, Lalit Bhasin and Shrikant Ruparel as new independent directors on its board, the company said on Wednesday.
Kingfisher, controlled by Mallya, has a debt of $1.3 billion and is facing near collapse as banks have so far refused to lend it more for day-to-day operation.
ICICI Bank (ICBK.NS), which has loans of about 4.3 billion rupees to the embattled airline, has asked for a top-up on its loan security or to adjust the loan amount after the carrier’s stock was pounded in recent weeks.
The ailing carrier will operate about 120 flights with 20 planes this summer, according to its revised schedule, a far cry from the 370 daily flights with 64 planes last September.
The massive cutback in flights have reduced revenues, leaving Kingfisher with little cash to pay its employees, airports and tax authorities.
Media reports had suggested the trip would begin as soon as Sunday and last two days
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles