Govt Bailout For Kingfisher Defies Logic, Says Spicejet Chief

New Delhi, Nov 14: Amid the debate over bailout for private carrier Kingfisher Airlines, SpiceJet chief Neil Mills today said the government should not use taxpayers’ money to revive a private sector company.

“It is the private sector. Why should there be any bailout for a private air carrier. I do not see any logic why taxpayer’s money should be used to bail out a private company,” Mills told PTI when asked whether the government should bail out Kingfisher Airlines.

Earlier, Prime Minister Manmohan Singh had said that steps would have to be taken to help the private sector entities if they get into difficulties.

Kingfisher Airlines chief Vijay Mallya had sought government help for meeting the financial challenges caused at the airline because of rising costs and high debt burden.

From: http://ping.fm/poKZT