New Delhi: Troubled Kingfisher Airlines teetered on the edge on Tuesday, fast losing support of both the government and the regulator and unable to come up with a credible plan to revive its flailing fortunes.
Vijay Mallya, chairman and promoter of the airline, emerged from a two-hour meeting with the Director General of Civil Aviation (DGCA) sounding confident and promising a revival, but the government remained far from impressed, questioning Mallya's optimism and highlighting various financial and legal issues.
For the first time since it was launched with great fanfare in 2005 - with Mallya promising a completely different flying experience - the airline stands on the brink of closure.
The government has so far shied away from commenting publicly on the airline's fate. But on Tuesday, a chorus of voices led by Civil Aviation Minister Ajit Singh seemed to indicate a substantial and complete rethink of the government's part.
21/03/12 Economic Times
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