Quoting the
Times of India, from this article:
...Kingfisher Airlines
needs at least Rs 10 billion to restart its grounded operations and must also
demonstrate an ability to sustain itself for at least 6 months, civil
aviation minister Ajit Singh said on Tuesday. Earlier in the day, a
senior government source said India was willing to support a rescue plan
from Kingfisher if it could settle months of salary due to frustrated
employees...
The Key Question: Does the government need to really help Kingfisher?
A simple and sweet answer to the above question is - "NO".
Flamboyant is an understatement when you have to describe
the owner of Kingfisher Airlines - Mr. Vijay Mallya. The once upon a time -
determined businessman who worked hard to build recognized brands
such as the Kingfisher Beer, and buying out top notch liquor brands from around
the World, is still seen posing with bikini clad models in a fashion calendar
of his own company, leave aside attending many parties involving bollywood
celebrities. If that is not enough, he is seen flying every second weekend for
Formula 1 races in which he owns a British Racing Team with an Indian name!.
There have been times recently where he simply disappeared from the
public view (many assuming that he might be trying to clinch some deals to save
Kingfisher Airlines), only to be found relaxing in his private yacht.
Quite honestly, the above paragraph profiling Vijay Mallya is
enough to take a decision why the government should not bail out Kingfisher
Airlines. Anyhow, reasons to justify what I say above, are below....
- Kingfisher is a private company.
- It is bankrupt due to the faulty management by its
owner and other top management executives.
A Simple Solution
If the government really wants to help someone in the
Kingfisher Airlines issue, it should be only the employees who are more
frustrated than even the owner of this private airline.
- As a goodwill gesture, the government could give 3-4 month’s
salary to the employees of Kingfisher Airlines as compensation. I mean, if the
government is willing to give 10 BN Rupees to bail out the Airline, instead why
not simply give that money as compensation to the employees. The owner and top
management, quite honestly deserve their Airline to be shut down, given their
failure to run it properly as well as for the sheer ignorance and arrogance of
the owner.
- An even better solution would be to give jobs to all the
employees of Kingfisher Airlines, and hire them within the government owned -
Air India. The people of India in general are already fed up of the problematic
service of Air India; add to that the Air India crew literally sucks in the
air!. These Kingfisher Airlines employees could add value for Air India with
their private airline experience and hospitality. All this could very well
happen with the 10 BN rupees which the government is willing to give to the
management of Kingfisher Airlines.
All this, obviously, is
possible only if our politicians will not think of the money they would like to
transfer to their Swiss bank accounts.
In hope to fly the king
of good times again....
SM
dubai, Jan 2013.
Key Tags: Kingfisher Airlines,
Government of India, Incredible India, Bankrupt, WTF, Ajit Singh, Vijay Mallya,
Corruption, Times of India, Sidharth Mehta, Sid Mehta, Siddharth Mehta, dubai,
infinity business school
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