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Mallya not to close down Kingfisher

By The Assam Tribune
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NEW DELHI, Feb 20 � Beleaguered Kingfisher Airlines� promoter Vijay Mallya tonight said he will not shut down the private carrier which struggled to stay afloat after further large-scale flight disruptions and resignation of pilots, reports PTI.

�Closing down is not an option. It will not happen. Government does not want it to happen. It is not in national interest,� Mallya said in his first public reaction to the latest crisis that has gripped his cash-strapped airline.

�Why should we give up as long as we get help. Help is not bailout. We have asked banks to consider our proposal to provide more working capital,� he said, making it clear that the airline has never asked for a bailout from the government.

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Mallya not to close down Kingfisher

NEW DELHI, Feb 20 � Beleaguered Kingfisher Airlines� promoter Vijay Mallya tonight said he will not shut down the private carrier which struggled to stay afloat after further large-scale flight disruptions and resignation of pilots, reports PTI.

�Closing down is not an option. It will not happen. Government does not want it to happen. It is not in national interest,� Mallya said in his first public reaction to the latest crisis that has gripped his cash-strapped airline.

�Why should we give up as long as we get help. Help is not bailout. We have asked banks to consider our proposal to provide more working capital,� he said, making it clear that the airline has never asked for a bailout from the government.

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