Saturday, November 12, 2011

Govt won't bailout Kingfisher: Ravi



Crisis-hit Kingfisher airlines today questioned whether it was the private carrier's duty to fly on loss-making routes, even as Government said there is no move to bail out the airline which has cancelled 210 flights in six days.


Kingfisher owner Vijay Mallya while blaming the system of airlines in the country being overtaxed and overcharged also said governments abroad have "gone out of the way" to support air carriers and connectivity.
With 50 more flights being cancelled, the beleaguered airline has cancelled 210 flights since Monday putting hundreds of passengers to inconvenience.
"This is to clarify that no such bailout package is pending before the Government nor has been proposed by Ministry of Civil Aviation for the Kingfisher Airlines," Civil Aviation Minister Vayalar Ravi said in a statement.
Ravi's clarification came against the backdrop of Opposition flak over his statement that he would talk to the Finance Ministry to see whether banks and oil firms could provide some relief to the cash-strapped airline.

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