Vijay Mallya's net worth
is about $800
M As of October 2012. He is ranked as #73 India's richest person. I don't
know why he denies paying the pilot of Kingfisher Airlines. He does
not bother about his airlines. He has lots of dues to be paid but he had not
taken any steps regarding it. Vijay and Siddarth Mallays spend their
money a lot on their entertainment. This would pay them back badly.
Kingfisher
is totally down. The staffs of kingfisher have been facing tough time. These
staff themselves would have loan to accomplish. Of course these staff
needs to alternatively find a place in some other airlines. Not every staff
would be able to get a job in some other airlines. Certain people need to give
up their profession temporarily. The consequence would be worst if
Kingfisher Airlines get closed.
Therefore
Mallaya should not let the thing to go in its way. He needs to transfer some
funds from other business. He have to bring the Airlines back. If
not necessary steps are taken by Vijay Mallya the government should
let the airlines into auction and sell it to a better group of companies in
India.
By government
could avoid a drop in Indian Economy. If government fails to take measures early then they may feel bad for it latter.