Mallya has to manage airline well: Moily

Noting that IndiGo was making profits,he said other airlines have to learn a lesson from that carrier and “take it forward”.

Written by Press Trust Of India | Bangalore | Published: March 4, 2012 12:49 am

Corporate Affairs Minister M Veerappa Moily indicated on Saturday that the cash-strapped Kingfisher Airlines was “not professionally managed” and the onus was on promoter

Vijay Mallya to convince the lenders.

Asked if mismanagement was responsible for Kingfisher’s troubled times and that the carrier should be allowed to fly into the sunset,Moily told reporters on the sidelines of a function: “that’s not our (Government’s) desire; it (Kingfisher) has to survive”.

“But the only question is,you know,he (Mallya) has to take some proactive interest; he has to manage it well”,he said,and added,“He has to give a possible solution to bankers (the lenders) and also to others.”

“The whole difficulty with some of our airlines is that they are not professionally managed,which include Indian Airlines and Air India. I think we need to work on these things”,Moily,a former Karnataka chief minister,said.

Noting that IndiGo was making profits,he said other airlines have to learn a lesson from that carrier and “take it forward”.

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