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Kingfisher shares hit record low, restart chances seen weak

Source : REUTERS
Last Updated: Tue, Apr 16, 2013 04:27 hrs
A Kingfisher Airlines aircraft comes in to land at Mumbai's domestic airport

Kingfisher Airlines shares fell as much as 4.8 percent to a record low of 6.90 rupees and headed for a third consecutive losing session on fears regulators may not allow the carrier to restart operations, two dealers said.

Grounded Kingfisher Airlines submitted a plan on April 10 to India's aviation regulator to restart operations.

Kingfisher shares were down 4.1 percent at 6.95 rupees as of 0411 GMT.

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