It’s time to turn back to the soap opera that is Kingfisher Airlines, with Vijay Mallya telling employees on Monday that he hopes to conclude negotiations by next week with groups who could provide much-needed new funding the airline according to the Times of India
Vijay also calls the attacks on the media “unscrupulous” and “sensationalist.”
Sorry Vijay, when I see a plan on the ground with engines stripped and a mass cancellation schedule, I’d call it a worrying sign.
Vijay concedes that workers are seriously overdue their wages, and calls the inability to pay his staff “a source of great personal sorrow”.
Again, not being able to pay your workers isn’t a good thing.
The airline is hoping to unfreeze it’s bank accounts, but is ultimately hoping that a change to rules in airline investment in India (allowing foreign airlines to purchase up to 49% of an airline) to be the bright savior. But this means that the airline has a solid business plan.
And I’m sorry – I’m not seeing that right now with Kingfisher.