PPRuNe Forums - View Single Post - Kingfisher Airlines declares temporary lockout
Old 2nd Oct 2012, 07:31
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blackbirdsr72
 
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Here the perception of a businessman & a Showman will oppose each other.. Mr Mallya knows as a businessman its very difficult to bring back the good old KFA.... unless he gets an "Angel Investor" who can take risk betting on the Management/Aviation Scenario in India. Practically he will never be able to repay the debts of KFA operating under 10 aircrafts. He has to scale up the fleets to minimum 30 so that he can pay the interests monthly even if its restructured to 50% of the current ratio..... the chances are very unlikely..........

Again as a showman who has to sustain his present System/business he will take chances to do some thing on KFA to make it fly again for few months more. Actions will be taken by the lendors if KFA is grounded for ever and It will create much larger problems for UB group and Many other business which he is involved.....

NB: Funny Joke : TOI reported that Mr Sanjay ,the CEO of KFA was enjoying his holidays in COORG while his Airline was bursting with Internal issues... No wonder his salary was increased to 40 % more 3 months back when the 90% of the staffs didnt received the salary for the past 5 months.....
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