While Kingfisher Airlines chairman has been issued a non-bailable warrant in connection with a bounced check to the Hyderabad airport the airline's primary hub, Bangalore has seen a sharp decline in it's domestic passenger numbers. (Data source: www.aai.aero)
To put this in context, growth numbers for international traffic for the same time-frame look just fine. Kingfisher's contribution to international traffic from Bangalore was marginal .
Although the airline is still grounded, final word on the fate of the company is yet to be had. However, all entities which did business with Kingfisher have been badly burned in this long running fiasco. That list includes aircraft lessors, employees of the company, airports across the country, fuel suppliers. Not to mention many of the banks that have about Rs.7000 Crores of
exposure in their books. Many of them are state owned banks. In the absence of strict bankruptcy laws, lessons from the government's
handling of Satyam may come in handy here.
