Kingfisher Airlines collapse

London/New Delhi, June 6, 2025 — Fugitive businessman Vijay Mallya has pointed to the 2008 global financial crisis and the absence of governmental backing as key reasons behind the downfall of Kingfisher Airlines. In a recent interview with YouTuber Raj Shamani, Mallya offered a detailed defense of his actions, stating that despite early warnings about economic troubles, his appeals for help were ignored by authorities.Mallya claimed he approached then Finance Minister Pranab Mukherjee with a plan to downsize the airline by reducing aircraft and laying off staff. He alleges Mukherjee rejected the proposal and assured him of bank support, which…