Just reached kerala after a "fly with good times " Kingfisher airlines flight from mumbai . But i know according to the newspapers it is not a good time for Kingfisher airlines which is neck deep in debt . There are even rumours that it may close down . As a frequent flyer i must admit ,among the airlines as of now kingfisher is one of the best . They ,according to me , give the best service currently .
Now coming to the issue of the bleak future of kingfisher airlines and whether government should bail them out , i have an entire different opinion . Kingfisher airlines is an airline which is a part of the airline industry in india and just one of the many companies in the business map of india .And in the world of business it is the survival of the fittest . Also , majority stake of the company is with Vijay Mallya the chairman who owns numerous highly profitable businesses like the famous kingfisher beer business , even formula one team . To even think about the india government bailing out his airlines is against the taxpayers of india. This potential bailout money which is in the tune of close to a few thousand crores is required for more essential development activities in a country like india . Though we have so many great things in this country here we have also farmers who commit suicide due to unviability of their small business (farm ) . There is no one to bail them out when their business (farm ) incurs a loss . And being a socialist country a farmers business is equally important as that of a business like airline . Adding to this is the issue that Vijay Mallya has a lot of money to spend on even luxury cars , and sports teams .
This crisis bring to my mind the great entrepreneur Captain Gopinath who founded Air Deccan who put the middle class indian to the skies and who remains the real hero in the aviation industry .
Now coming to the issue of the bleak future of kingfisher airlines and whether government should bail them out , i have an entire different opinion . Kingfisher airlines is an airline which is a part of the airline industry in india and just one of the many companies in the business map of india .And in the world of business it is the survival of the fittest . Also , majority stake of the company is with Vijay Mallya the chairman who owns numerous highly profitable businesses like the famous kingfisher beer business , even formula one team . To even think about the india government bailing out his airlines is against the taxpayers of india. This potential bailout money which is in the tune of close to a few thousand crores is required for more essential development activities in a country like india . Though we have so many great things in this country here we have also farmers who commit suicide due to unviability of their small business (farm ) . There is no one to bail them out when their business (farm ) incurs a loss . And being a socialist country a farmers business is equally important as that of a business like airline . Adding to this is the issue that Vijay Mallya has a lot of money to spend on even luxury cars , and sports teams .
This crisis bring to my mind the great entrepreneur Captain Gopinath who founded Air Deccan who put the middle class indian to the skies and who remains the real hero in the aviation industry .
I personally feel that if he could expand his business empire so much he should have also had some back up plan to keep it going rather than declaring himself bankrupt...he also has the option of pumping money from his other businesses into KF...for old times sake!!or better still compromise on his lifestyle a bit...but that would be asking too much of him.
ReplyDelete@simran i think like many rich people they have difficulty in taking cash from their other pocket when one pocket is empty . lifestyle compromise no way ... he even bought tipu sultans sword for a few crores last year
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