India’s Kingfisher Airlines due to the debt crisis facing the threat of bankruptcy

The afternoon of February 21, Indian budget airline Kingfisher Airlines (Kingfisher Airlines, Ltd.), Local 21, said it has reached the brink of bankruptcy. Kingfisher Airlines had been canceled because of debt problems nearly a week of flight plans, the company fly clerks have also submitted his resignation.

Indian billionaires, CEO of Kingfisher Airlines Vijay Maer Ya Vijay Mallya said in an interview with reporters, he decided to put into force to continue to maintain the normal operations of Kingfisher Airlines, and he has accused the Indian tax authorities to unpaid tax freeze its bank accounts led Kingfisher Airlines facing financial shortage “on the grounds.