Kingfisher Red to be History, Announces Vijay Mallya

Wednesday, September 28th, 2011 | by

Chairman of Kingfisher Airlines, Vijay Mallya has announced stoppage of Kingfisher Red, its low cost airline carrier. Analysts consider the resolution a little strange as Kingfisher Airlines had a market of 70% from the low cost flight section. The announcement led to a rise in stocks, but concluded the day 1.2% less.

“We don’t believe in low cost operations anymore,” said Mallya, who began Kingfisher Red after he purchased Deccan Airlines. 

Short URL: http://indiawires.com/?p=2094

3 Responses to Kingfisher Red to be History, Announces Vijay Mallya

  1. MR.VIJAY MALLYA

    MR.MALLYA IS DOING GREAT JOB FOR INDIA

  2. Bhgg

    fuck them hard

  3. Lakshmi

    Very good decision. Unless state & central governments revise its tax policy from “Luxury” to “Normal”, No one can provide a low cost operation for Air travel.

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