No bailout for Kingfisher Airlines: Civil Aviation Minister Ajit Singh

NEW DELHI: Civil Aviation Minister Ajit Singh made it clear that government will not bailout the Kingfisher. “No, government is not going to have any bailout,” the Minister told reporters, adding, “Government is not going to ask banks or private industry for that matter”.

“Recently government had seized their bank accounts also. So our first concern is that flights which are ongoing, passenger safety should not be compromised and then let us see what reply they give. DGCA is inquiring into it,” Singh said. He said Kingfisher is facing several financial problems.

“Day before yesterday, as they did not give salary to their employees for many months, people went on strike in Kolkata. Naturally, the flights got cancelled,” he said.