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Kingfisher's woes Mallya's doing: Jaitley

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  17 April 2016 12:00 AM GMT

Washington, April 16: Fince Minister Arun Jaitley feels the failure of Vijay Mallya-led defunct carrier Kingfisher had more to do with the individual company’s business model than the aviation industry, and that every step is being taken to recover the money it owes to banks. “The airline’s (Kingfisher’s) problem is not a sectoral problem. This is for the simple reason that most of the other airlines lasted the challenging period, turned around and are now making profits,” Jaitley told reporters here.

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