Financially u can call KFA and air india similar but not on a whole basis. Remember, in India things work differently if the owner is a flamboyant businessman. Air India is after all a Govt entity and private airlines are partly to blame for Air india`s current situation. It has been put to such situation to help the private players.

Coming back to KFA, Its still alive just beacuse of VJM`s reach in delhi and his networks. These `humanitarian` grounds are nothing but a backdoor channel to release funds. Yes, they cant do this for much long but this is happening for more than a year now and u never know what will happen in future.

SBI chairman said it will release funds to KFA on humanitarian basis! That supports your view. But how long they can do it?

My view is it has become another Air India.

Both Air India and KFA put together owe around Rs 760 crores to GMR.

Govt will try its best not to allow KFA to sink. Even though its getting difficult for KFA to survive day by day there are so many sectors attached to it and will be affected if it fails.

Lets c how it goes.

GMR could go up; it witnessed buying during cash hours on Friday along with good volumes. F&O also suggests strength.

The pain points are Male Airport and if Kingfisher airline goes bankrupt, GMR may not be able to recover its dues from them.