Indian aviation sector to post loss of USD400m in 2010; Virgin Blue pax up 9% Aug-2010

Kingfisher Airlines’ shares soared 7.0% on Thursday, as Chairman Vijay Mallya denied reports the carrier has any “overdues” to oil marketing companies for the supply of air turbine fuel (ATF) by stating Kingfisher has “given them (oil marketing companies) a lot of money... We do not have any overdues”.

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