Indian liquor baron Vijay Mallya’s Kingfisher Airlines in a desperate state in every possible way and is now begging the Government of India for assistance.
Important: Indians residing in the U.S. and planning a trip home in the near future must get in touch with their travel agents to rebook their flights within India (if they were made on Kingfisher Airlines) to their final destination.
Hundreds of Kingfisher flights have been cancelled in recent days, more than a 100 pilots have quit in recent weeks, vendors have not been paid for months and aircraft lessors are baying for their money.
The recent spate of flight cancellations has inconvenienced several thousand Indian travelers who are scrambling to get on to alternate flights to reach their destinations.
In July, Kingfisher Airlines grounded some aircraft as it did not have the money to even buy spare parts.
In the latest development, Kingfisher Chairman Vijay Mally is begging the Government of India for a bailout, a plea that India’s opposition party, the BJP is opposing.
Media reports from India blame Kingfisher’s ‘faulty pricing strategies’ for the airline’s current plight.
Angry lessors of Kingfisher Airlines plan to seize aircraft