Questioning the “business model” of long-grounded Kingfisher Airlines for Vijay Mallya’s mounting woes, Finance Minister Arun Jaitley has said the airline sector as such is doing well in India with many carriers making good profits.
Mallya, the owner of Kingfisher Airlines and many other companies that owe over Rs 9,000 crore of dues to lenders, is currently in London, defying Enforcement Directorate (ED) summons.
“I am not giving a final opinion on it. It could be attributed to the business model of a particular company,” Jaitley said here in response to a question on Mallya, on which he refused to be directly dragged into.
“As far as the recoveries are concerned, in this (Mallya) case, banks are taking all possibl…
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