Auditors of Jet, SpiceJet, & Kingfisher raise red-flags over 'going concern' claims

Auditors of listed airlines Jet Airways, SpiceJet and Vijay Mallya's grounded carrier Kingfisher have raised red-flags on their 'going concern' status.

The auditors said that the `going concern'  status of a company depends on its ability to generate sufficient finance to meet short-term as well as long-term obligations and avoid any potential insolvency risks.

Of the three listed airlines, Kingfisher received the most stringent set of adverse auditor comments.