Much celebrated airline of the country, Kinfisher, which also stood as the no.1 domestic and international carrier for years is on the verge of full collapse. Business tycoon Vijaya Mallya is to face a worst exit from Airline business, reveals officials.
Kingfisher Airlines is famous for their high speed services and perfection when it comes to running flights. These days, KFA is becoming famous in cancelling flights and sackingemployees. In connection with this, the Director General of Civil Aviation has issued show case notices to KFA long back to which Mallya and his co hasn't responded till now.
Speaking about the issue, aviation minister Ajith Singh stated that Government may cancel their license if they fail to answer about their financial situations. The cash-strippedcarrier has no recovery plan from $1.3 bililon debts and losing support from banks to support their day-to-day operations. Analysts say this is the end of road for Kingfisherwhile days are just numbered!
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