Kingfisher Airlines, owned by liquor baron Vijay Mallya, is asking for government help in restructuring its loans. Kingfisher has a debt of Rs 7o billion and the promoters have already pledged 90.17% of their shares to secure loans. This may be a sign of its financial stress or an effort by the canny promoters to maximise the value of their share of the airline in case it goes bankrupt. Kingfisher has cancelled many flights causing crowding in other airlines and a resultant increase in ticket prices. Yesterday Mallya said in his Twitter account." Is it Kingfisher's duty to fly on loss making routes, when state governments tax heavily. Or should we be financially prudent and fly profitably." He said," Every government has gone out of the way to support airlines and connectivity. In India airlines are over taxed and over charged. Wonder why?" Jet Airways has reported a loss of Rs 7.13 billion in the last quarter. Exorbitant taxes, forcing airlines to fly to loss making small towns and taxpayer money poured down the totally corrupt government owned Air India is killing private airlines. Seems that the Exim Bank in the US is to lend $ 3.4 billion or Rs 170 billion to Air India to buy 27 Boeing Dreamliner planes. American Transport Association has written to the bank objecting to the loan and pointing out that Air India is very poorly managed to which the bank has answered that the government of India has given sovereign guarantee to the loan. Central and state governments are bankrupt and desperate to raise revenue. Next year several states will hold assembly elections and politicians need social schemes to loot so as to raise money for campaigning. The future is dark.