Vijay Mallya scared of media, warns Kingfisher employees

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Vijay Mallya

New Delhi, Jan 10: Vijay Mallya, who once was known as the "King of Good Times", sent a letter for the very first time addressing to Kingfisher Airlines employees. In his letter, Mr Mallya addressed many issues and also cautioned its employees about their interaction with any media organisation.

Mr Mallya in his latter wrote, "...the media has continued their negative reporting on Kingfisher. I would urge each one of you to be particularly careful in any interaction you may have with them."

"Unfortunately, considerable management time is spent correcting or clarifying media reports than in transactional discussions. We need to single mindedly focus on being back in the air and to win back the confidence of our loyal guests," added Mr Mallya. [Read: Mallya's letter to Kingfisher employees]

Plannings of the Kingfisher Airline officials have been described in the letter where Mr Mallya also informed that approximately Rs 650 crore fund has been committed by UB Group.

The airline officials aimed for a limited re-start for the beginning of 2013. According to the letter, the company was in discussion with multiple investors to secure a deal for the debt laden carrier.

Sharing necessary information with his fellow colleagues, Mr Mallya wrote, "Re-Start - we have submitted a detailed restart plan to the DGCA which is in two parts. The first part deals with a limited re-start utilising 7 aircraft ramping up to 21 aircraft in 4 months."

"The second part is a full scale rehabilitation of our Airline growing to 57 aircraft within 12 months of recapitalisation. Both plans contain detailed information on key assumptions and funding requirements including payment of outstanding salaries to employees," he added.

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