Mallya has to manage airline well: Moily

Bangalore: Corporate Affairs Minister M Veerappa Moily indicated on Saturday that the cash-strapped Kingfisher Airlines was “not professionally managed” and the onus was on promoter Vijay Mallya to convince the lenders.
Asked if mismanagement was responsible for Kingfisher’s troubled times and that the carrier should be allowed to fly into the sunset, Moily told reporters on the sidelines of a function: “that’s not our (Government’s) desire; it (Kingfisher) has to survive”.
“But the only question is, you know, he (Mallya) has to take some proactive interest; he has to manage it well”, he said, and added, “He has to give a possible solution to bankers (the lenders) and also to others.”
04/03/12 Indian Express

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Categories: Kingfisher Mar 2012