KFA takes off on bourses

Kingfisher Airlines is once again back in the green, up today almost 5% at Rs.7.89. Volumes are up more than 4 times at 46 lakh shares. It is very close to its upper circuit filter at Rs.7.91.

The stock has taken off today after the company’s CEO yesterday stated that he had submitted a revival plan to the DGCA wherein the initial funding for the revival will be coming in from the UB group. It plans to start its operations with 5 Airbus planes and 2 ATRs. It has also requested the DGCA to renew its flying licence.