Content writer • 1y
Hello everyone! Let's get to know about the brands that failed to acquire our Indian market. THE KINGFISHER AIRLINES They were owned by Vijay Mallya, they aimed to provide a luxurious experience, high facilities etc. The competitor airline which was very cheap led to a decline in their tickets. Mallya then decided to acquire it. But the company was running at a loss and due to other Mallya brands it was not in the limelight, but Mallya didn't stop investing more money in buying some airlines etc. Here comes the first reason lack of FINANCIAL MANAGEMENT. Secondly, the services also declined as workers were paid ill, so they often misbehaved, with regular delays, no lighting, pilot strikes, violating aviation guidelines and the reputation declined like the Jun 4 stock market. Despite several attempts to save the airline, nothing fell in favour of Mallya, So the best decision Mallya had was to flee away. Haha, the last line is a joke Don't cancel me okay bye! I'll see you all tomorrow.
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