Vijay Mallya’s Kingfisher: The Airline That Soared In Style And Sank In Debt
Once India’s most glamorous airline, Kingfisher collapsed under ₹7,000 crore debt. Launched in 2005 by Vijay Mallya as a luxury carrier, its high costs, Air Deccan merger, and mounting losses led to its 2012 shutdown. Legal troubles followed, with banks recovering ₹10,815 crore of ₹17,781 crore owed.