Allow Kingfisher to fly into the sunset

The end of the runway appears well nigh for Kingfisher at the moment but there are still those who believe it should not be allowed to fail, and this includes the government.

The Hindu : Opinion / Op-Ed : Allow Kingfisher to fly into the sunset: "It is becoming increasingly clear that Kingfisher Airlines is well beyond rescue and only a miracle can save it. "

Either Vijay Mallya, the high-flying promoter of the airline agrees to put his money where his mouth is. Unlikely, since he has reportedly refused to give a personal guarantee sought by banks to refinance the company.

Or Kingfisher is able to attract an investor — domestic or foreign, airline or non-airline — with deep pockets and strong guts to take on the balance-sheet of a company splattered in red all over, which is as unlikely.

Kingfisher's exit could restore some sanity in the industry and the ticket prices which are currently low. Of course, the government has to keep a sharp watch to ensure that airline companies do not exploit the situation.