Kingfisher Taking its Last Breath!

Mallya assures the Shareholders

As the shares have started showing a better status in the market, Mallya is setting forth to counter the shareholder attacks. “I am a businessman and I will sell businesses at the right price,” he said to Business Standard.

At Kingfishers Airlines’ annual general meeting (AGM), the Chairman assured the angry shareholders that he would get the company back in shape. Mallya told the shareholders while the situation was tough, all efforts to recapitalize the company had been made. He also criticized media being negative about his shares.

Deccan Herald reports that, in his initial remarks at the AGM meet, Mallya said that KFA has a fleet of 12 aircraft that fly 40 destinations. He added that during the past eight months of this fiscal year, the promoters of the company have infused 1,154 crore into it, proving that the management is committed to the welfare of the company. And in his concluding words he said we need God’s blessing and luck to save this company.