Some facts are not correct. But this article is well written http://kaipullai.com/2011/11/28/the-curious-case-of-vijay-mallya-and-his-bailout-and-one-more-scam/ " In the middle of an unbelievably hot winter, the excitement of an India-West Indies test series, and the birth of a future eye candy came this shocker of a news. The airline of good times, owned by the king of good times, Kingfisher Airlines, is..well, crashing. That too pretty fast. Because they can’t pay their pilots, their stewards, their stewardesses and their janitors. Hell, they can’t even pay for their fuel. As a result they can’t fly their planes, which is how they earn the money...." 60 second summary " Kingfisher has never made profits because of the whims of its leader Vijay Mallya. The losses were mostly passed on to national bank (and hence the word 'scam'). Furthermore, Mallya's sinister plans has weakened Indian aviation sector"