There is a rumour in aviation circles that Kingfisher Airlines has severe financial problems- analysts quoted as saying, inter alia, debt being converted to equity. Vijay Mallya was touted as coming on board with us, maybe a good miss even if he is allegedly well connected with Mittlals; billionaires do not necessarily bail out failing concerns even if they are mates witht the owners of those concerns.
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Fortunate escape. maybe
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