Kingfisher Airlines: The King Of Good Time in Crisis.

Kingfisher Airlines one of the most preferred low cost carrier is facing crisis in the recent days. It is said that Kinfisher Airlines owned by entrepreneur Vijay Mallaya had taken a lot of loans from various sources and could not repay it due to which it is going through a situation of serious crisis. The Airlines is affected and a lot of employees left unemployed, but above all a number of customers affected to flight cancellation and flight delays.

Kingfisher once a premium airline company is now struggling to regain its position among the various low cost carriers.  Kingfisher Airlines also faces a serious competition in the market owing to Indigo Airline being named as the best low cost carrier for the year 2012 – 13. Apart from this the problem also is that Vijay Mallaya’s Airlines had a poor administration which led to its crisis majorly. Lavish spending on employees, non duly payment of loans are among the major reasons for the Airline crisis.

Currently DGCA (Directorate General Of Civil Aviation) has cancelled the license of Kingfisher Airlines. And Mr. Mallaya is having talks with various banks to support him and has put in a request for a new license. The Civil Aviation Ministry has asked Vijay Mallay to replay all his loans in order to bring the Airline in action.  Currently Mr. Vijay Mallaya  is consulting many companies to assist him to make the company fly again and fly high above all.