The BharatiyaJanata Party is opposed to any move by the government to bail out debt-ridden Kingfisher Airlines that cancelled flights to minimise losses and urgently needs cash to escape a collapse.

 If Kingfisher is not in a position to run on a financially viable basis then it should find its own way. There is no case for a government bailout, said YashwantSinha, a senior BJP leader.

Earlier Civil aviation minister Vayalar Ravi had said he would talk to Finance Minister Pranab Mukherjee to get Kingfisher assistance from banks. In April, state-run lender State Bank of India, private lender ICICI Bank and a few other lenders converted about 12 billion rupees of loans into equity in Kingfisher as part of a debt recast.

This was before the airline continued to cancel flights and newspapers reported leasing companies were planning to take planes back and pilots were leaving.

BJP says no to Government bailout for Kingfisher

Report by Adhir Roy Chowdury