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Allegedly, the crisis that Kingfisher Airlines is undergoing is just a stunt to manipulate the government into permitting FDI in aviation.
Interview: SpiceJet Founder Rescued an Airline and Has Big Ambitions for Indian Aviation Founder Ajay Singh (right) presented a SpiceJet Boeing 737 model in June 2017 to U.S. Vice President Mike Pence to celebrate the airline's big deal with the American manufacturer. Earlier President Trump had mentioned SpiceJet's large Boeing order to the press while meeting with Indian Prime Minister Narendra Modi. SpiceJet Skift Take: Unless you're obsessed with aviation you probably don't know…
The CBI on Saturday conducted raids at residences and offices of liquor baron Vijay Mallya and his now grounded Kingfisher Airlines in connection with over Rs 900 crore loan to the airline by the IDBI and now declared a non-performing asset (NPA).