Letters: A series of failures

Even if Mallya manages to rope in investors and infuse some equity to undo some of the damage, it would not be of any help in the long run

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Business Standard New Delhi
Last Updated : Jan 25 2013 | 5:33 AM IST

This refers to the edit “A bird that won’t fly” (October 22). The Directorate General of Civil Aviation (DGCA) should have been proactive and cancelled Kingfisher Airlines’ licence when its accounts were declared as non-performing assets by lenders a few months ago. In fact, on a closer look, we see a pattern starting from non-payment of salaries to its employees, followed by the I-T department freezing the airline’s accounts and then, the oil companies getting after it to clear their unpaid bills.

What is shocking is that neither Vijay Mallya nor his son is ready to face employees or the media. With no concrete plan in hand, the airline’s grounding was inevitable. Even if Mallya manages to rope in investors and infuse some equity to undo some of the damage, it would not be of any help in the long run.

Bal Govind Noida

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First Published: Oct 25 2012 | 12:31 AM IST

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