November 16, 2011

Kingfisher does not need Govt Bailout, says Mallya

Kingfisher Airlines Chairman, Vijay Mallya has dismissed the reports that they seek a bailout package from the government. "We never wanted the taxpayers' money", he said.

Mallya said that he wants the lenders to help the cash-strapped Kingfisher Airlines, but won't seek a bailout from the centre under any circumstances.

Vijay Mallya also showed the results of the second quarter, which showed the losses incurred by Kingfisher at Rs 468.66 crore. However, he again dismissed the speculations that Kingfisher is going to shut down.

Mallya confirmed that he won't fly on the loss-making routes from the business perspective. He regretted that, but expressed helplessness.

No comments:

Post a Comment