Hyderabad: Civil Aviation Minister Ajit Singh Wednesday said the government will not bail out struggling air carrier Kingfisher Airlines, and it was the responsibility of promoter Vijay Mallya to steer it out of the crisis.
"The Government cannot and will not bail out private companies, but that does not mean we want private airlines to close down," Singh said at a press conference.
He added that it was for Kingfisher promoter Vijay Mallya to marshal funds to bring the carrier out of the financial crisis.
Singh also said the Directorate General of Civil Aviation would submit its report on Kingfisher in a couple of days.
Meanwhile, Director General of Civil Aviation has said that Kingfisher Airlines did not stick to its recovery plan submitted to the regulator last month and the situation is a grave concern to the public and the Government.
14/03/12 Zee News
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