Tuesday, February 21, 2012

Kingfisher to get another bailout?

According to an article in today's Hindustan Times, struggling airline Kingfisher will get a Rs 1650-crore bailout package from the State Bank of India. The airline's outstanding debts stand at Rs 7057 crore before this package.

I enjoy flying the "good times." The airline has excellent aircraft with in flight entertainment, very good service and good food. Unfortunately, they have never ever made a profit and well, you can't stay in business like that. If Kingfisher cannot compete then they need to shut shop. The same goes for the cancer called Air India, which has bad aircrafts, poor service, terrible food and awful employees.

No comments:

Post a Comment