Warning issued in the public interest: Everything dissolves in alcohol—including a whole airline! That was just one example of many Kingfisher Airlines-themed text messages that was doing the rounds in India in March. Beer-baron turned airline founder Vijay Mallya’s struggle to keep his carrier afloat plays out almost like a soap opera with new twists and turns every week. Stories of stranded passengers, worthless air-miles, angry employees and text jokes about its ...

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