Bailouts

I’m not a big fan of these bailouts that are happening left right and centre across the world these days. This request from our very own King of Good Times takes it to the next level:

“Air India is government owned but it is the taxpayer’s money. In our case it is the shareholder’s money; the shareholders are citizens of our country. If Air India deserves help in opinion of the government, why not private airlines,โ€ Mallya told CNN-IBN on Wednesday, the day his company announced its quarterly loss has increased and it may delay salaries.”

Some logic this is huh? First you start fare wars to capture market share and charge bizzarely low fares that are in no way sustainable, then you make losses and run to the government forย a bailout. And you claim that shareholders are citizens of the country. I’m really impressed with your sense of humour Dr Mallya.

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2 Responses

  1. Oh yes! I was watching his interview on CNBC too. That man, I tell u!

    (I see most of ur posts are on Thu’s ๐Ÿ™‚ . Take ur time, I am yet to upload the remaining ๐Ÿ™‚ )

  2. one of the financial things which I fail to understand..

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