Business

Kingfisher crisis: No ground for government bailout

It is difficult to understand the civil aviation ministry’s keenness to bail out the debt-ridden Kingfisher Airlines (KFA). By requesting the finance ministry to tell banks to restructure KFA’s debt, Civil Aviation Minister Vayalar Ravi has needlessly made the Union government a stakeholder in the issue. This also sets a dangerous precedent. For instance, if […]