Kingfisher Red to shutdown in 4 months
Thursday, September 29th, 2011Bangalore : Low-cost carrier Kingfisher Red would shut down in four months with the airline group chief Vijay Mallya saying several measures have been initiated to face the financial problems caused by high interest burden and burgeoning fuel costs. “We are doing away with Kingfisher Red because we don’t intend to compete in the low-cost […]