Before it gets viral, and every Indian news media starts sharing it, we would like to reveal the other side of the Kingfisher story exclusively on BuddyBits. I have been following developments in the Kingfisher story since I heard Vijay Mallya being blamed for the fraud. Everyone is talking about it, but not once, we have heard the other side of the story. Not once, I have seen anyone defending Kingfisher. But today, I got a piece of article which blew my mind and will blow your mind too.
Who killed Kingfisher Airlines?
An article written by Nanjunda Pratap Palecanda on LinkedIn, sheds light on the story behind Kingfisher’s fall. Author of the article has incorporated screenshots of couple of news websites which proves that the government lead by Congress party is responsible for Kingfisher’s fall.
This article contains a sequence of media reports from the days of the fall of Kingfisher Airlines began. Most Airlines across the world were doing bad those days.
Kingfisher was doing better than Jet Airways at that time.
This is how Kingfisher decided to infuse funds and this was the best possible step Vijay Mallya could have taken.
It would have gone well. But what went wrong?
Everything was about to get well. But then..
Kingfisher submits the plan.
Why the government targeted only Kingfisher when all other airlines were going through same?
Why did they stop Airlines from flying?
How would the airlines pay salaries, when agency meant to support the player is keeping it away from raising funds?
Now check this out!
And check comparison of Kingfisher and Jet Airways.
Note: Have a close look at general public and foreign promoters’ shares.
Kingfisher tried to fight back legally.
Why Kingfisher was targeted?
And this was the final nail..
Etihad agrees to go with Jet Airways; meets Anad Sharma (the Commerce Minister).
And then met the Finance minister.
Why all of these happened?
Just to support a company with majority foreign promoters over the company with majority of public interest?
Why was Indian Government squeezing Kingfisher airlines?
Now we know who killed Kingfisher airlines. Who is responsible for Vijay Mallya’s current state. Who got the benefits out of it?
Will Indian entrepreneur dare to think about India again? Will Indian government support the company or will entrepreneurs be squeezed like Kingfisher and Vijay Mallya?
Neither the author of this LinkedIn thread nor I have anything to do with Kingfisher. But this needs to be shared. Now, the most important question here is that why Indian media is silent? All screenshots shared here are taken from the website of Economic Times. Why are they keeping silence while knowing everything? Will the truth ever come out?
We thank Narjunda Pratap Palecanda for sharing this with the world. Share your thoughts in comments.
[Note: This article is not exclusive story of BuddyBits. It is sourced from LinkedIn. This research was done by Narjunda Pratap Palecanda and put up on LinkedIn. We are just re sharing the story to spread it to the wider audience.]