Kingfisher investors get another blow-Share trading suspended
Kingfisher the company which never gave profits to investors gives the final shock. Company is suspended from trading. Kingfisher is suspended due to non-compliances with SEBI rules.
Company has not provided earning reports for last quarters. Shares are suspended, however investors holding shares can still sell the shares for next 30 days.
Investors have lost all hopes. Kingfisher airlines never declared profits after incorporation.
Investors lost and still losing the money but government is not in a mood to announce any package for the revival of Kingfisher. Air India, the government owned aviation company has received packages many time from government.
Another aviation company sopicejet is on the same path. Spice jet is also facing same troubles that kingfiher faced.
Aviation business is very capital eating business and cash flow is always a concern.
Aviation sector in itself is capital spoiling business. Kingfisher spent a lot on marketing and not on product revamping.