India's Kingfisher Airlines loses licence to fly

[pmaitra]

India's Kingfisher Airlines loses licence to fly

India's troubled Kingfisher Airlines has lost its flying permit after a deadline to renew its suspended licence expired, the aviation regulator said.

The debt-ridden carrier has been grounded since October after repeated strikes by workers over unpaid wages.

The airline said there was no cause for concern as rules allowed the renewal of a permit within two years of expiry.

Kingfisher has $1.4bn (£870m) in debts and it is looking to raise funds after lenders refused to give fresh loans.

Source: http://www.bbc.co.uk/news/world-asia-india-20881007

 

[spikey360]

Mallya was supposed to infuse money into Kingfisher by selling his family silver. What happened to that plan? Gave up hope even before war, eh Mallya? What kind of promoter abandons his own company in its darkest hour? Mallya thinks of himself as the Richard Branson of India, but in truth, he is nothing more than an average businessman. Nowhere near being a Maverick his peers like Godrej, Bajaj, Bharti, LN Mittal are.

 

[pmaitra]

Mallya was supposed to infuse money into Kingfisher by selling his family silver. What happened to that plan? Gave up hope even before war, eh Mallya? What kind of promoter abandons his own company in its darkest hour? Mallya thinks of himself as the Richard Branson of India, but in truth, he is nothing more than an average businessman. Nowhere near being a Maverick his peers like Godrej, Bajaj, Bharti are.

Vijay Mallya is all good about wine and women, and not about wings.

 

[spikey360]

Vijay Mallya is all good about wine and women, and not about wings.

Amen. Maybe he should start drinking Red Bull and get his wings back.

 

[ninja85]

just needs booze and babes for Mr.king of good times to cheer up :drunk::cb::smooch:.