Is it Kingfisher Airlines or United Spirits for Mallya?

Possible Measures from KFA

Binoy Prabhakar of Economic Times reports that all such indications point to an empire that is slipping away. Since KFA was burdened with more than 7,000 crore debt, many analysts and industry experts were already predicting a demise for the firm for the past one year. Moreover, the company has failed to pay the salaries, taxes and fuel bills. Its stocks are not showing better figures as well.

But, the Airlines is trying to save its face. It has said that it is taking all possible measures to reduce the impact of employee unrest. According to Firstpost.com, the airlines’ management has decided to take action against those agitating employees who moved the Labour Court in Mumbai last week to get pending dues. Though this attitude can play more negative role, the report says.

In order to shut his shareholders mouth, Mallya has already told the media that he is in talks with foreign investors to revive his withering Kingfisher Airlines, and his relatively smarter liquor business, United Spirits. And however, Mallya has so far managed to keep the company flying. But the recent media reports predict a silent demise of the company.