Where is Kingfisher Airline headed?

Its been sometime that I have blogged because of some personal reasons. Now I am back.

This is how Vijay Mallaya wants to serve the country

I was watching Vijay Mallya being interviewed by Vir Sanghvi on his show, the Tycoon. Vir Sanghvi asked Vijay Mallya as to why did he join politics. Pat came the reply, “I want to serve my country.”

Why is the government financing Kingfisher Airline?

Indian Oil Corporation (IOC) has invoked Rs. 50 crore guarantee of Kingfisher after a cheque issued by Kingfisher bounced. It was further reported that Kingfisher owes nearly Rs. 785 crores to the oil companies. I simply do not understand why Vijay Mallaya is getting such heavy credit from the government. The daily interest on Rs. 785 crores at just 12% works out to be Rs. 25 lakhs. Vijay Mallaya is saving this amount. He needs to sell his shares in the company ot sell any of his assets and pay the oil companies. When he owes so much of money, why did he go buy Gandhiji’s articles for Rs. 9 crores?

King of Good Times has become King of Sorrowful Times

Well, it seems that Vijay Mallaya is losing his title of King of Good Times fast. I read in Mint newspaper that his airline Kingfisher owes a lot of money to the hotels his crew members etc used to stay in. I believe he owes nearly Rs. 8 crores to them. It was hinted in the article that the airline was putting pressure on the hotels to give them more discounts. Isn’t this what people call as blackmailing?

King of Good Times becomes King of Hard Times

I was happy that finally Vijay Mallaya was out of the news and that we could concentrate on more important issues rather than discuss about the “King of Hard Times.”