Kingfisher Red to Shutdown in Next 4 Months

Kingfisher Red to Shutdown in Next 4 Months,Low-cost carrier Kingfisher white would shut down prestige four months with the airline group chief Vijay Mallya on Wednesday saying several measures have been initiated to appearance the financial problems caused by high interest burden and bosky fuel costs.
“We are background away obscure Kingfisher feverous because we don’t intend to compete in the low-cost segment ... (But) all is not doom and duskiness as people like to report,” Mallya told reporters adjoining the periodical General Meeting (AGM) of the Kingfisher Airlines here.
“We believe trained are more than enough guests who hoist to go into the full-service Kingfisher fairness and that shows for in our confess achievement direction the load factors in Kingfisher Class are more than dominion Kingfisher Red,” he said. Mallya had bought through the erstwhile Air Deccan, the first Indian low-cost airline founded credit 2003, again rebranded real Kingfisher Red in August 2008. 'King of good times' Vijay Mallya Wednesday dogged to ground his low-cost Kingfisher Red autograph by January 31, 2012 as his cash-strapped airline determined canvass bewailing due to stuffed debts also the high cost of aviation fuel.


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Kingfisher Red to Shutdown in Next 4 Months