I am sitting on my air seat and watching the movie namesake. The red clad women wearing fitted skirts and smart red blouse suddenly asked me ma’am what would you like to have in the dinner? Vegan or non-vegan? I went for the first option. The ambience is captivating, service flawless and the aloft hostesses have got pretty faces , moreover they are impeccable at service not like the ones in Air India. Pilots are handsome and they excursion around to see the passengers comfort level every time. Precisely, my journey to Vienna was splendid.
Literally, I was in a state of awe when I came to know that Mr. Mallya is going done elephantine debts and the flying license may get ceased too ,crores debts in foreign banks adds to his trouble. What went wrong with the airlines? Where were the loopholes in the management? Reason couldn’t Mallya resolve the story around? These questions haunted cr and through the news papers and internet I got the basic idea and intention that Mallya’s airline dream is falling like cards. I could not take this fact without a hitch as I loved kingfisher airlines and the epitome about mallya’s tzar caliber style completely.
With losses of about 5 crore a day,Rs.6250 crore debts, bank accounts almost freezed by the stress authorities , everything is on the rim of collapse. It seemed, the wings of Mallya in the aviation sector are being slaughtered speck by bit. Nod is hard but u can’t drift from the astringent truth, turmoil is everywhere around. Mallya’s flying empire is collapsing and the worst part; he can’t recollect the falling bricks of his flying empire.
Is it Mallya only who could nay cope with the problems plaguing this business or it is the cured aviation district from India? Sectors other than aviation are accelerating at a fast pace but the enlargement in aviation sector is still inferior that 3%.We all are cognizable of the fact that GDP won’t grow and the economy wont flourish if aviation would nay be a part of it. Air fuel is very expensive moreover then at the same time government has imposed so many heavy taxes on the imported aircraft’s and other aviation imports(spare parts etc). It became challenging for the company to administer everything at the same time. And at this instant only, whenever there occurs a single fault the whole hierarchy dismantles and outcome is trashes and that airline meets it’s ends.
Mallya’s case was alike,still he did some greater blunders which later added to his agony.Actually, Mallya is a versatile man, he had, hands until so many places like-
1. He is the drink Baron and UB group is the second largest cordial company in the world by volume. Brands like bagpiper whisky, kingfisher beer are under this flag. Acquisitions made under Mallya are Whyte & Macky.
2. Formula One, Mallya polysyndeton a Dutch family ordered the spyker F1 team for 88 million euros in 2007.
3. Football, he invested in the football clubs Mohun Bagan and East Bengal.
4. Cricket, Royal Challengers Bangalore cost him $111.6 million in 2008.
5. And other expenses like, 26 properties across the world, owns cars, sword of Tipu Sultan price Euro 175,000,bought the personal effects of mahatma Gandhi for $1.8 million, owns luxury yacht and more.
That is why Mallya got deflected into so various path’s and invested more and more in spite of going around heavy losses in Kingfisher Airlines. As stated by: The Week Magazine,Mallya knew how to become big, global but he didn’t take care of revenue generation and cost control.Also,G.R Gopinath,founder air Deccan said that Mallya chose a model where cost is more than revenue(His model was hub and spoke where small towns are connected for the ponderous metros and then connecting them to larger destinations across India and abroad meanwhile the air deccan times).
Lastly,I would say that the airline business is positively intricate and terribly cutthroat. Also we tin term it as dog eat dog types which is capital intensive with a very low profit margin. As the air traffic in India is prospering at a large scale,in the same respect gubernatorial should reduce the taxes on the air fuel imported and all the opposite aviation things that includes aircrafts,air parts etc.Because if the aviation sector does not grow hand in hand with the GDP and the economy in general,India cannot keep pace with the other fast growing economies cherish China,Brazil and more.
A simple yet a captivating quote by Claude Grahame White ,which instructions add a fuel to my thought from engine:-
First Europe, further then the globe, we will exist linked by flight, polysyndeton nations so knit together, that they will grow to be next-door neighbours .What railways have ready for the nations, airways will do for the world.