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Vijay Mallya 2011

Vijay Mallya (born 18 December 1955) is a Rajya Sabha member and the chairman of the United 
Breweries Group and Kingfisher Airlines.Mallya is known for his lavish parties, villas, automobiles, Force India, Royal Challengers Bangalore and his yacht, the Indian Empress.


He started Kingfisher Airlines with great fanfare in 2005 to gift his son Siddharth on his 18th birthday.


Liquor and airline tycoon Vijay Mallya’s dream of owning India’s best airline has now turned into
 a nightmarenot only for him, but for his bankers and his “guests”, as he refers to passengers travelling on his Kingfisher Airlines. 



Kingfisher Airlines cancelled more flights on Friday and its shares hit a record low amid continuing debt fears, reports bbc.co.uk.

Thousands of passengers have been hit by hundreds of cancellations this week. India's second-biggest airline is about $1.2bn in debt and struggling to raise cash. Founder and part-owner Vijay Mallya insists the airline will not close but is just cutting losses by rationalising flights and reconfiguring airlines,reports Forbes.com


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