Kingfisher in funding talks with HK's Lowy | india | Hindustan Times
Today in New Delhi, India
Mar 25, 2017-Saturday
New Delhi
  • Humidity
  • Wind

Kingfisher in funding talks with HK's Lowy

india Updated: Jan 19, 2012 21:23 IST

Debt-laden carrier Kingfisher Airlines said it is in talks with Hong Kong-based distressed debt company SC Lowy Financial for a possible investment, throwing a potential lifeline for the cash-strapped airline.

"We are in discussion with SC Lowy and others. We cannot comment further at this time," a spokesman for Kingfisher said on Thursday.

He, did not specify, whether any investment would be in the form of debt or equity infusion.

Earlier on Thursday, a report said that Lowy may invest about $280 million in the Vijay Mallya-owned carrier and a deal may happen by the end of the month.

A spokesman for SC Lowy declined to comment.

SC Lowy, founded by two ex-Deutsche Bank veterans in 2009, is a trading and investment firm, focused on investing in illiquid assets.