<p>Amid criticism from all quarters, beleaguered airline Kingfisher's promoter Vijay Mallya on Tuesday got some sympathy from Corporate Affairs Minister Veerappa Moily who said the carrier “has to be saved”.<br /><br /></p>.<p>"Of course he (Vijay Mallya) has met me because he hails from Karnataka... That (Kingfisher) has to be saved. He has to work out a strategy that will be acceptable to the Finance Minister and his ministry. He has a vibrant airline. And it has given excellent service... I wish him well," Moily said.<br /><br />The airline, which has an outstanding debt of over Rs 7,057.08 crore (according to the latest figures), has requested the consortium of lenders, led by SBI, for a working capital support of Rs 200-300 crore.<br /><br />“As the Corporate Affairs Minister, we want corporate bodies to build and come up and not wound up... Something has to be done. He (Mallya) has to work out a strategy... The entrepreneur has to take proactive measures so that is acceptable to banks and others".</p>
<p>Amid criticism from all quarters, beleaguered airline Kingfisher's promoter Vijay Mallya on Tuesday got some sympathy from Corporate Affairs Minister Veerappa Moily who said the carrier “has to be saved”.<br /><br /></p>.<p>"Of course he (Vijay Mallya) has met me because he hails from Karnataka... That (Kingfisher) has to be saved. He has to work out a strategy that will be acceptable to the Finance Minister and his ministry. He has a vibrant airline. And it has given excellent service... I wish him well," Moily said.<br /><br />The airline, which has an outstanding debt of over Rs 7,057.08 crore (according to the latest figures), has requested the consortium of lenders, led by SBI, for a working capital support of Rs 200-300 crore.<br /><br />“As the Corporate Affairs Minister, we want corporate bodies to build and come up and not wound up... Something has to be done. He (Mallya) has to work out a strategy... The entrepreneur has to take proactive measures so that is acceptable to banks and others".</p>
