Kingfisher Airlines wasn’t looking for any bailout

Vijay Mallya Chairman and promoter of Kingfisher Airlines’ , on Tuesday mentioned that the firm wasn’t looking for any bailout and also would now consentrate on high-end business. Mallya mentioned there will be no massive lay offs but the firm was planning at cutting costs.

‘The govt should think about allowing FDI in aviation as well as reiterated that the firm can’t afford to fly highly loss-making paths. Whole issue in aviation space is required to be addressed, the entire sector is struggling with problems and the expressed policy of the govt is to encourage FDI,’ mentioned Mallya.

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