Kingfisher hires consulting firm for financial advice

Singapore
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India's Kingfisher Airlines has hired management consulting firm Seabury Aviation & Aerospace to help improve its financial performance.

"Seabury has been hired to come in and assist us in sustaining long term profitability by further strengthening the operational and financial performance of the company, so that we are well poised to ride the upturn and capitalise on this opportunity using the best global practices," says an airline spokesman.

Kingfisher has reported three loss-making quarters so far in its current financial year. For the fiscal third quarter ended 31 December 2009, the carrier posted a net loss of 4.2 billion rupees ($91 million).

Seabury, which is based in New York with offices worldwide, has advised more than 200 clients in the aviation, logistics and maritime sectors, according to its website.

Its clients have included US Airways and Air Canada, the website shows.