With a debt of 13000 crores Kingfisher airlines is struggling to survive. The government at first considered a bail out plan for kingfisher airlines but later refused to rescue it because of fragile nature of the company. Even SBI has refused to offer a bail out loan. The I-T department has frozen its account on the issue of due tax returns which kingfisher needs to pay. Do you think government must come to its rescue or should kingfisher find its own way out?
