Troubled times for Force India chief's airline

Global Motorsport Media

Away from the F1 track, Force India boss Vijay Mallya is enduring tough times.

Vijay Mallya Force India F1 Team Owner
Vijay Mallya Force India F1 Team Owner

Photo by: xpb.cc

Reports on Friday are revealing an ever-worsening situation within the Indian billionaire's airline Kingfisher, which is crippled under more than $1 billion in debt.

Flights are being cancelled, unpaid suppliers are threatening to reclaim planes and the share price is crashing, and Bloomberg reports that the Indian government has been approached about a bailout.

"Unless there is an infusion of money at this point, I don't really see how it's going to survive," said an Indian aviation expert.

"That infusion of money has to come from Mallya. I can't see anybody else who's going to put money in."

Kingfisher is a visible sponsor on this year's Force India car.

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About this article
Series Formula 1
Teams Force India
Tags force india, mallya
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