
King Fisher Airlines appears to be in a deep trouble. News reports say that 34 flights were canceled on Tuesday. The company’s CEO Sanjay Agarwal did not respond to the letter of the Directorate General of civil aviation, which demanded the company to explain the situation. The company said that it was forced to cancel the flights because more than 50 pilots have resigned from the company. India is making hectic efforts to entice foreign investors to buy shares of the troubled airline companies. For this purpose, Indian Minister Pranab Mukhar ji went to America, but I think American investors did not respend favourablely.
