vo gareeb the...jeb nahin bhar sakte the..is liye unke saath aisa hua...VM par aisa hoga?..is janam me na sochna...he has given advance payment to his cheer girls (Lifetime advance payment) and they cud be found catering dishes to the well wishers and file pushing of VM at bureacrats office and in return they are invited at rendezvous places and we hear that raid stoeies lately...that is the reason why so many raids have been conducted on rogue parties, farm house raids, hukka clubs, pubs, as the beneficiaries are only available at these spots only.
Reposted about 219 days 11 hrs 36 min 52 sec ago by khauff
thats why KFA comes down to 7 Rs from 90 Rs. Bcoz of Debt. And thats why so called super powers have become beggars today like PIIGS countries (Portugal Italy Ireland Greece and Spain). Debt is not a dirty word; but there should be a level upto which u can afford debt. Counties are in debt from 3 to 10 times there GDP. There is only one thing they can do is default. Are debt ke chakkar mein chote kisanon ki zameen chali gayi. Chote kisan ki biwi apni hi zameen pe naukar ban ke kheti kar rahi hai. Go to UP Bihar and MP to see the fact.
Yes, it gives a chance for even entities to route there money (black) in FDI path, so would introduce fresh capital in the struggling Airline. In India meeting the norms means having enough money to bribe, so there should not be any problem
KFA is a listed company and governed by company law, SEBI and other guidelines. It is not merely a case of an airline violating safety or other aviation issues.
First and foremost the company`s management must change. The stakeholders are not the promoters any more e.g. Mallya & Co. Now the stakeholders are banks and other institutions whose money is at stake. Before the aviation minister, the company law board, ministry of corporate affairs, ministry of finance, RBI and such others need to be involved. This is a case capable of making banks sick. Fiscal prudence was not exhibited for years. 50% of the equity capital was erodedmany years back. With mandatory quarterly results, everyone comes to know when a company is to be referred to BIFR. But that was not done.
Due to the limited liability of the promoters, their other assets are not at stake. They can walk out any time. Whatever assets are there belong to lenders, in other words to the public. The company is already owned by fin institutions.
So the only way is to appoint a professional management to run the co, under the supervision of lenders, who should now comprise the board of directors.
How do we expect a management like KFA, who brought things to such a pass, come out with a reasonable plan to revive the company? Why ask them to do it?
Why does the govt not make a plan to merge it with other airline like they do in case of bank failures? What is so special about KFA?
They have to lots of change in the top managment as well as middle management and they have to prove and regain the confidence of all the pasengers...It is better they have to partner with Emirates or any other reputed foreign Airline...