KFA is Not TO BIG TO FAIL , but TO FAIL WILL BE BIG.......for our Public Banks. Mallya has run circles around the PSU banks, mainly SBI, to finance, run and personnally gain from the money loaned to KFA for nothing. Cleverly, The KF brand is worthless in the hands of the PSU Banks. So the PSU Banks with USD 1.2 BL of taxpayers money loaned to KFA ,against nothing from KFA, will not let kFA fail, if it does fail, the PSU Banks balance sheet will look RED. So what about IA picking KFA, or Banks lending more money to keep KFA afloat.
12.56 PM Aug 2nd 2012
mostly public sector banks... So it will be on the fly :)
7.12 PM Aug 1st 2012 | | Rated by
Mallaya is responsible every penny guaranteed by him and his other assets, irrespective of whether involved in the running of the airline or not, could also be proceeded against. However, it remains to be seen whether the lenders would actually do that in the face of the political clout the man could muster.
2.29 PM Aug 1st 2012
I am a fan of Dr. Mallya. It is quit natural that some business module do not succeed. It does not mean that the Dr. Mallya is not capable of pulling it out. How ever in the interest of the banks / Dr. mallyas credibility and trustt it will be good to sell off this business so that Dr. Mallya can concentrate again on his other business enterprises and get back to the glory. Knowing fully well that thatthe ship is sinking one should not hold on to that
11.16 PM Jul 31st 2012
It would be such a perversity to allow Mallaya to get away with running down the Airline, while chasing hapless small borrowers for chicken-feed they have borrowed. The man must be stripped to his last asset in enforcement of his personal guarantees.
5.03 PM Jul 30th 2012 | | Rated by
air travel is not an irreversible habit nor a traveler is brand loyal like a smoker or whisky lover. it is essential to compete. standards/fares should not have been raised drastically. reversal of the reasons of its decline still can be revisited and rectified.dry.p.bajaj
3.56 PM Jul 30th 2012