Three Kingfisher Airlines directors have stepped down from the airline board which now has promoter chairman Vijay Mallya as its sole member.
On Monday the airline notified stock exchange that A K R Nedungadi, S R Gupte and M S Kapoor had resigned from the airline board. Nedungadi is UB Group’s head of finance and also group president while Gupte is a veteran with the group. Kapur is former chairman of Vijaya Bank.
An airline spokesperson said the reason for resignation was personal but their exit casts a big question mark on various revival attempts. Nedungadi was closely associated with the airline since its inception and was also actively involved in the restructuring attempts.
Full report here Business Standard