Everybody,
even most of my learned friends want Vijay Mallya arrested. They say he had fun
at the cost of Public Money, he should be punished. They say he is a fraud, he
lives a rich and luxurious life, while not paying salaries to his staff and not
paying his lenders and vendors.
Who
killed Kingfisher Airlines? Have you given a thought? As a citizen of India you
should know. As an entrepreneur you should definitely know this. I am sharing
below a sequence of media reports from the days of the fall of KingFisher
Airlines began. I hope to construct the sequence right, so that you can
understand how it was killed. and by whom.. A little, backdrop would be, if you
recall, or perhaps can google to verify my statement, Most Airlines across the
world were doing bad those days. Many were in the verge of collapse.
economictimes
You may
note Jet Airways stocks had plunged around the same time in Jan 2012.
You may
notice, Kingfisher was doing better than Jet Airways.
Kingfisher
desperately had to infuse funds and this was the best thing Vijay Mallya and
his team could have done.
It was
very well placed. But what went wrong?
It
appeared to be a done deal, what went wrong?
Not
just me, everybody seem to think / say so... then.
It was
obviously not similar thoughts towards Jet Airways.. then.. what went wrong?
Same
SBI had hopes on Kingfisher Airlines.. then..
This is
the beginning..
Government agency thinks contrary to Market and Banks... why?
Kingfisher
Airlines team does, what any serious enterprise does..
Why is
Kingfisher targeted, while all Indian Airlines were in similar situation then?
Why stop an Airlines from flying?
How
will an enterprise pay salaries, when agency meant to support the player is
keeping it away from raising funds..
Does
this help you understand better, what happened?
Its
important to understand the share holder details of Jet, particularly, foreign
and Indian Share holders.
Note
the percentage of General Public & Foreign promoters as share holders in
Kingfisher.
Note
the general public in Jet Airways and also foreign promoters.
Kingfisher
tried things Legally, but what was at play??
Why
every possible government machinery tried to scuttle Kingfisher Airlines?
Is this
the final nail..??
Etihad
comes around and agrees to go with Jet Airways. Anand Sharma was the Commerce
Minister.
Then
met Finance Minister.. Why, all this to help a company held by majority of
foreign promoters?
Why was
Indian Government stretching to do this for Jet Airways, while Squeezing
Kingfisher Airlines?
This
was perhaps the last nail but we know, what else is happening with the (Once)
King of Good times..
Who
killed Kingfisher Airlines? Who got Vijay Malaya to this state? Who were the
beneficiaries? Can an Indian Entrepreneur dare to do things in his own Country
again? Will Indian government support her/him, or lead to what happened to
Kingfisher Airlines and Vijay Mallya?
I have
never had Kingfisher Airlines or any of Vijay Mallya's company shares. I have
neither been his Associate nor employee. I am writing this to share with my
learned friends, this is the truth I saw. I feel bad for Kingfisher Airlines
and Vijay Mallya as an entrepreneur. I don't want such a thing to happen to any
entrepreneur.
