November 12, 2011 9:22 PM

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Govt refutes bailout package for Kingfisher

The Government has refuted media reports of a bailout package for the private airlines Kingfisher. Civil Aviation Minister Vayalar Ravi on Saturday denied any bailout package proposed by the Ministry for the private airlines.

The Minister had to come out with the statement against media reports saying that he had asked the Finance Ministry to tell banks to restructure the private airlines debt.

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