Kingfisher Airlines
Join Date: Oct 2008
Location: Toulouse
Age: 47
Posts: 10
Likes: 0
Received 0 Likes
on
0 Posts
Take a look here:
India's Kingfisher reports 9-month net loss of $39m
and there:
India's Kingfisher looks to sell some of its A340-500s
India's Kingfisher reports 9-month net loss of $39m
and there:
India's Kingfisher looks to sell some of its A340-500s
Join Date: May 2007
Location: EU World
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
What I heard indian pilots were paid on time (october), expats didnt have the salary before 7th some of them even before 15th. November will be delayed for all, looks like real cash flow problem.
Join Date: Jul 2008
Location: Here Today, Gone Tomorrow
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
Kingfisher Going Down
Guys is it true?
Kingfisher going down:
1. No new wide bodies till 2012.
2. Of 5 existing wide body 2 to go on wet lease.
3. ex deccan pilots not paid till today?
4. LEASING AGENCY LOOKING TO TAKE BACK 4 A321'
5. Looking to "advance Book 25% equity"
6. Locals already looking at Indigo and Qatar for change of Jobs.
7. No more money from UB.
I am thinking of shift to Qatar or Arabia or Etihad or China
Forecast 4 months to declare bankruptcy End of Second Quarter 2009.
Please give feedback...
Kingfisher going down:
1. No new wide bodies till 2012.
2. Of 5 existing wide body 2 to go on wet lease.
3. ex deccan pilots not paid till today?
4. LEASING AGENCY LOOKING TO TAKE BACK 4 A321'
5. Looking to "advance Book 25% equity"
6. Locals already looking at Indigo and Qatar for change of Jobs.
7. No more money from UB.
I am thinking of shift to Qatar or Arabia or Etihad or China
Forecast 4 months to declare bankruptcy End of Second Quarter 2009.
Please give feedback...
Join Date: Sep 2006
Location: Mumbai India
Age: 41
Posts: 30
Likes: 0
Received 0 Likes
on
0 Posts
mixed news
Kingfisher going down:
1. No new wide bodies till 2012.
- since the capacity is already in excess why get more planes into the country and burden the company with parking and lease charges.
2. Of 5 existing wide body 2 to go on wet lease.
- jet has done the same ... and no one is crying foul... if ur own sectors donn't make money... i guess look everywhere else... wht say...
3. ex deccan pilots not paid till today?
- rubbish.
4. LEASING AGENCY LOOKING TO TAKE BACK 4 A321'
- maybe... but no denying some financial troubles.
5. Looking to "advance Book 25% equity"
- y not.. everyone else is doing it... y not kf?
6. Locals already looking at Indigo and Qatar for change of Jobs.
- aitrition is good for a companies growth...
7. No more money from UB.
- business is all about profit... no one likes helping when the chips are down... but titans rise.... when the chips are down...
1. No new wide bodies till 2012.
- since the capacity is already in excess why get more planes into the country and burden the company with parking and lease charges.
2. Of 5 existing wide body 2 to go on wet lease.
- jet has done the same ... and no one is crying foul... if ur own sectors donn't make money... i guess look everywhere else... wht say...
3. ex deccan pilots not paid till today?
- rubbish.
4. LEASING AGENCY LOOKING TO TAKE BACK 4 A321'
- maybe... but no denying some financial troubles.
5. Looking to "advance Book 25% equity"
- y not.. everyone else is doing it... y not kf?
6. Locals already looking at Indigo and Qatar for change of Jobs.
- aitrition is good for a companies growth...
7. No more money from UB.
- business is all about profit... no one likes helping when the chips are down... but titans rise.... when the chips are down...
Join Date: Nov 2008
Location: In the torpedo tube above!
Posts: 212
Likes: 0
Received 0 Likes
on
0 Posts
Basically ALL that Condor said was 100% correct........right???
Well,i've heard very similar tunes from my buddies flying widebodies with Kf.
It IS going down.....
Well,i've heard very similar tunes from my buddies flying widebodies with Kf.
It IS going down.....
Join Date: Jul 2008
Location: Here Today, Gone Tomorrow
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
Zeus
I correct my statement
ALL DECCAN STAFF - NOT ONLY PILOTS WERE PAID YESTERDAY OR TODAY BY CHEQUES DATED 05 FEB AND DELIVERED ON 10 FEB.
NEXT MONTH WILL BE DELAY FOR ALL.... MAYBE
Zeus: the last one of the bus may not find a cab...
I correct my statement
ALL DECCAN STAFF - NOT ONLY PILOTS WERE PAID YESTERDAY OR TODAY BY CHEQUES DATED 05 FEB AND DELIVERED ON 10 FEB.
NEXT MONTH WILL BE DELAY FOR ALL.... MAYBE
Zeus: the last one of the bus may not find a cab...
Join Date: May 2005
Location: Milton Keynes
Posts: 1,070
Likes: 0
Received 0 Likes
on
0 Posts
Flew with Kingfisher Red last week; all very professional and no hint of trouble.
Not sure how common late payment is in India- still waiting for December my self but always get paid.....eventually
(Not in the airline business)
Not sure how common late payment is in India- still waiting for December my self but always get paid.....eventually
(Not in the airline business)
Join Date: Jan 2004
Location: Surrey
Posts: 129
Likes: 0
Received 0 Likes
on
0 Posts
Kingfisher Airlines - Crunch Time?
Kingfisher apparently has crunch meetings over the next few days with the banks and lease companies that own its aircraft. Kingfisher is in default and since Gecas repossessed four Airbus aircraft last year, there have been cancellations, deferrals and further handbacks and repossessions in the last couple of weeks.
There are rumours emerging that Mr Mallya must imminently inject many hundreds of millions, do something with Jet Airways or there will be a stampede to take back aircraft.
There are rumours emerging that Mr Mallya must imminently inject many hundreds of millions, do something with Jet Airways or there will be a stampede to take back aircraft.
Join Date: Jan 2009
Location: India
Posts: 163
Likes: 0
Received 0 Likes
on
0 Posts
Kingfisher Airlines has negotiated with Airbus to defer orders for 32 A-320 family aircraft due for delivery in 2008-09 to 2010-12.
Kingfisher in course correction mode - Corporate News - livemint.com
Join Date: Jan 2004
Location: Surrey
Posts: 129
Likes: 0
Received 0 Likes
on
0 Posts
VJ is juggling with his creditors. Some lessors with desirable airctraft for KF have been paid up whereas others left hanging or partially paid. A game of brinkmanship is being played - "If you want your aircraft you will have to come and get them and take your chances on being able to place them elsewhere in current market environment - otherwise be patient and we will pay you if and when we can".
Join Date: Jul 2005
Location: Dark side of the moon
Posts: 370
Likes: 0
Received 0 Likes
on
0 Posts
I know we have taken at least one ATR-72 that was intended for Kingfisher. Unfortunate for uus since their models are 800 kilos heavier than the version we ordered from ATR. I hope the managment was bright enough to demand some kind of financial compensation. 