Bailout Kingfisher Airlines: Assocham

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Agencies: Mumbai, Nov 26 2012, 19:45 IST

some parliamentary panels have attributed it's financial woes to factors such as giving away its profitable routes to private carriers and a flawed aircraft acquisition policy for the carrier.

Of the Rs 7,400 crore issue, the LIC has agreed to subscribe to Rs 3,000-crore worth of non-convertible bonds while the rest Rs 4,400 crore worth bonds will be subscribed to by the EPFO.

On its part, the government has announced Rs 30,000 crore bailout plan to revive Air India in April.

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james | 28-Nov-2012Reply | Forward

I guess Rawant is not suggesting bailout for KFA but by comaring the situation he trying to say why Air india is getting bailout again on again on Tax payers money. Air india currently official joyride and free international travels for our MPs thats they reason they don't want to let it go and tax payers money is 'Baap ka maal' for them.

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Msaleem | 27-Nov-2012Reply | Forward

Treat Kingfisher Airlines on the lines of Air India: Says Assocham Banks should not desert KFA and loose their funds instead Press DR Vijay Mallya abandons his ego and over dosing. Fools live in fools paradise and say EAT DRINK AND ENJOY GOOD BUSINESSMEN CAN NOT DO THAT. Banks must Convert loans into shares and restructure KFA. You can do better than Dr V.Mallya. Nation knows he has suffered losses due to petrol price hike and operating in non profitd routes. Good consultants like Karvy and Kodak Mahendra can guide him better by restructuring good UB group units to raise funds professionally. He can multiply his Investors in many folds just by declaring Bonus and splits of shares face value to Rs.1 for U. Breweries and United Spirits etc. These companies will attract investors as FDI takeover. He can divert these proceeds to KFA without begging favours and split KFA shares also to Rs,1 which will attract more investors. JSPL, TITAN and Tata motors have done it. JSPL managed 5 times Bonus 2006. KFA must engage experts in Aviation from Gulf states with facility of refueling from UAE Dubai to cut the cost of fuel. If he behaves with sense of responsibility he can do better than those few cheat Billioners Of India''

Lavish Beggars

kris(uk) | 26-Nov-2012Reply | Forward

It is the most ugliest suggestion to support flamboyant beggar be supported by Mr. Rawat, 7400 crores to be scrapped by public sector banks, air india a govt owned subsidiary, and Mr. Rawat parallels to a privately mismanaged company, so he parallels himself to PM or president of india, most irresponsible suggestion , do not know the business rules , how do they reach such levels. Irresponsible and irrilevant suggestions by him.