Much was expected of it, but Vijay Mallya’s engagement with the media turned out to be a damp squib. While it was convened among expectations that Kingfisher, promoted by Mallya, would announce some kind of blueprint for revival, the colourful promoter, whose airline is steeped in debt estimated at a little over Rs 7,000 crore, refused to accept responsibility for the airline’s poor showing. Instead, he put the onus of the airline’s flight into red on extraneous factors, including state governments for charging what he claimed was excessive VAT on aviation turbine fuel.
At one stage, he turned on those gathered and blamed the media for painting a gloomy picture about the airline’s future. On a day when the firm announced its dismal numbers for the second quarter, it would have been appropriate for Mallya to shed some light on how the airline plans to make it large—again.