Vijay Mallya, May Close, Kingfisher Red, In 4 Months, Kingfisher Red Airlines, Kingfisher Red Flights - YReach.com

On Wednesday, the Chairman of the Kingfisher Airlines, Vijay Mallya said that he might shut down his low-cost Kingfisher Red Brand in the next four months. According to the sources, the decision was made after the airlines fell into huge debts due to the recent hikes in the cost of aviation fuels. Mr. Mallya also said the Kingfisher Red brand might be closed by 31st January, 2012... Continue Reading>>>