Kingfisher sinking like the Titanic
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The latest news is Dr.VJM is lobbying hard to allow foreign airlines to invest in Indian carriers.The commerce ministry has put forward the proposal , wonder if it'll go through....that's his only chance of bailing out his airlineand at the same time make money out of it....but I would assume that foreign airlines would have more sense than that..to put money in a sinking ship...
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VJM and his business plans........or dreams but no plans? What a mess he had made of the lives of many Pilots who were already well employed before moving to KFA and making the worst decision in their professional careers? He may have wanted to be the Richard Branson of India but what a hash he made of it all! He may be having a ball in S.Africa, womanizing elsewhere or even burning tyres on race tracks but he would never get the blessings or good wishes of the many families that he had ditched through his sheer social irresponsibility. No point in getting the fleet of aircraft blessed if the man is cursed.
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VJM and his 'Fly the good times!' airline ... what a mismanaged and misguided lot they are. Many Pilots, previously with secure and stable jobs, up to date are looking for employment. Drivers who came in with dual ratings, are now down to a single type rating coz they have lost recency on type. Cabin Crew are miserable with the new salary structure and get paid next to nothing. Indian Pilots uncertain of their future ... the list goes on. All this while the Liquor Baron continues his lavish lifestyle, from Film Festivals to Formula 1 venues. I pause to wonder whether he really knows whats going on at Kingfisher Airlines.
Latest news is that VP Operations (D.D. Gandhi) has resigned from his post. Has he sniffed a rat in the whole scam and bailing out in good time or is he too disgusted at the treatment of Employees and does not want any curses directed towards him?
Latest news is that VP Operations (D.D. Gandhi) has resigned from his post. Has he sniffed a rat in the whole scam and bailing out in good time or is he too disgusted at the treatment of Employees and does not want any curses directed towards him?
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Kingfisher, Singapore Airlines in stake sale talks
Check it out... looks like kingfisher is planning on selling stake to stay afloat!
(Copied from here )
Will be interesting to see if this is just another rumour or whether it will actually happen! But i guess they could repay quite some debt from this sale....
Kingfisher, Singapore Airlines in stake sale talks: Sources
In what could be yet another big event in the aviation sector, sources said that Kingfisher Airlines and Singapore Airlines are in possible stake sale talks.
NDTV has learnt that Kingfisher Airlines might look at off loading 25-26 per cent stake.
Kingfisher, according to sources, has a debt burden of over Rs 9000 crore and had also been in talks with foreign airlines in the past for picking equity in the airline.
Meanwhile, according to sources, Singapore Airlines, which is keen to invest in Indian market as a strategic investor, had earlier also initiated talks for investments in Indian aviation space.
Both the airlines did not want to comment on the matter.
Well, with the government already exploring the option of allowing FDI in aviation, Kingfisher it seems, is all set to make the most of the opportunity.
In what could be yet another big event in the aviation sector, sources said that Kingfisher Airlines and Singapore Airlines are in possible stake sale talks.
NDTV has learnt that Kingfisher Airlines might look at off loading 25-26 per cent stake.
Kingfisher, according to sources, has a debt burden of over Rs 9000 crore and had also been in talks with foreign airlines in the past for picking equity in the airline.
Meanwhile, according to sources, Singapore Airlines, which is keen to invest in Indian market as a strategic investor, had earlier also initiated talks for investments in Indian aviation space.
Both the airlines did not want to comment on the matter.
Well, with the government already exploring the option of allowing FDI in aviation, Kingfisher it seems, is all set to make the most of the opportunity.
Will be interesting to see if this is just another rumour or whether it will actually happen! But i guess they could repay quite some debt from this sale....
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Well the reality is that Dr. VJM knows exactly what is happening and he knows that he doesn't really have a chance of survival.He's been busy lobbying in Delhi for allowing foreign airlines FDI in Indian carriers.He's managed the first step which is the commerce ministry has "recommended" the FDI of foreign airlines.But he's now got the tough task of getting it through the cabinet....if the cabinet permits it , it's more or less the end of Air India , it will be privatised as their IPO will be out sometime soon.But then I assume that the guys in SIA are smart enough to make a wise decision on KF....it will be the biggest mistake in their history if they invest....
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dont think airindia will be privatised so soon... the govt will be giving ai a bailout package... but me thinks an ipo wont happen soon in these market conditions...
as for sia... if IT does recover and survive.. SIA would profit quite a bit, since at current conditions, they would get their stake relatively cheaper than otherwise!!
as for sia... if IT does recover and survive.. SIA would profit quite a bit, since at current conditions, they would get their stake relatively cheaper than otherwise!!
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Basic principles of finance and accounting , would you like to buy into a company which is laden with debt and still not have outright ownership or management control.At the same time invest in an environment that might change in future ?Remember some foreign carriers have to divest when the government had changed in the 90s....I certainly would not want to gamble with that
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Another suit against Kingfisher?
BPCL sues Kingfisher Airlines- Airlines / Aviation-Transportation-News By Industry-News-The Economic Times
It will really fold quickly now? or it wont...?
It will really fold quickly now? or it wont...?
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The fact is that these very oil companies and Airport services are owed much larger amounts by Air India.
AAI has even paid tax on income from Air India.
Income,which by their own assesment they will never receive.
However due to their common govt patronage,their hands(and mouths!) are tied as far as efforts to recover these dues are concerned.
Jet and Kingfisher(arguably managed much more professionally than Air India) have so far managed to stay one step ahead in paying their bills.
While the govt is officially considering a "realistic" bail out package for Air India.
It is unlikely to remain a mute spectator to the fortunes of others in the industry,also employing many thousands.And providing a much more palatable alternative to the travelling public.
AAI has even paid tax on income from Air India.
Income,which by their own assesment they will never receive.
However due to their common govt patronage,their hands(and mouths!) are tied as far as efforts to recover these dues are concerned.
Jet and Kingfisher(arguably managed much more professionally than Air India) have so far managed to stay one step ahead in paying their bills.
While the govt is officially considering a "realistic" bail out package for Air India.
It is unlikely to remain a mute spectator to the fortunes of others in the industry,also employing many thousands.And providing a much more palatable alternative to the travelling public.
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LOL !!
This thread was started on 28 Oct, 2008. If the Titanic sank as slowly as this they would have sailed into New York harbour and set a new trans-Atlantic record !
C2j
This thread was started on 28 Oct, 2008. If the Titanic sank as slowly as this they would have sailed into New York harbour and set a new trans-Atlantic record !
C2j
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As they say Unhappy pilots ruin the airline!
As they say Unhappy pilots ruin the airline!
On the weekend KFA had an incident in BBD .. heard 10Million $ Loss for the company in repairs for the aircraft!
Guess the Management has to really think of Making the employee happy and then running an airline. Seems to be a psychological Block for the employee to help the airline recover
Their accumulated losses are heard to be 8000CR
Where does the company go from 8000? maybe to 9000??
Heard over 62 Capts and F/o Have resigned for Indigo and talks of VP Ops leaving have strung Another 10 to leave to GOair as they need the Pilots for their 10'th aircraft.
Paramount ordering 10 A321 Would attract some more Capts and F/o
Things In KFA not looking good as their Sankhya rostering System Out of which the salary structure has been tailor made is Complete trash! Think someone seems to be making money out of this too!!
When would the management realise the system they are running doesnt work?
Or is it too late?
Wonder who the new CEO would be? Because if the rumours are true about SIA buying a stake into this airline the current EVP and Management would ruin SIA too !
Waiting for your feeback! Happy Flying And BePostive for a change !
On the weekend KFA had an incident in BBD .. heard 10Million $ Loss for the company in repairs for the aircraft!
Guess the Management has to really think of Making the employee happy and then running an airline. Seems to be a psychological Block for the employee to help the airline recover
Their accumulated losses are heard to be 8000CR
Where does the company go from 8000? maybe to 9000??
Heard over 62 Capts and F/o Have resigned for Indigo and talks of VP Ops leaving have strung Another 10 to leave to GOair as they need the Pilots for their 10'th aircraft.
Paramount ordering 10 A321 Would attract some more Capts and F/o
Things In KFA not looking good as their Sankhya rostering System Out of which the salary structure has been tailor made is Complete trash! Think someone seems to be making money out of this too!!
When would the management realise the system they are running doesnt work?
Or is it too late?
Wonder who the new CEO would be? Because if the rumours are true about SIA buying a stake into this airline the current EVP and Management would ruin SIA too !
Waiting for your feeback! Happy Flying And BePostive for a change !
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facts only please
c2j!
this thread has run out of steam and all the self proclaimed doomsdayers need to call it a day
...the global airline industry is going through one of the worst times and we are part of it...
yes the VP Ops ( Capt.Gandhi ) has resigned...thats his personal choice..I dont think a single line pilot makes his decision to stay/go based on the above. each individual has his own professional/financial situation unique to him/her....
i think sankhya has done a good job so far...no major issues...pls stop this thread into degenerating into free for all " lets bash KFA"...we just started DXB and hope to fly into more int'l destinations soon!
i hope paramount and go do get more a/c's so that more and more ppl get employment..as for the incident at IXB...10 million for a wing tip damage sounds preposterous ( a new 320 costs 50 -60 million i thought!)...
!this thread has run out of steam and all the self proclaimed doomsdayers need to call it a day
...the global airline industry is going through one of the worst times and we are part of it...yes the VP Ops ( Capt.Gandhi ) has resigned...thats his personal choice..I dont think a single line pilot makes his decision to stay/go based on the above. each individual has his own professional/financial situation unique to him/her....
i think sankhya has done a good job so far...no major issues...pls stop this thread into degenerating into free for all " lets bash KFA"...we just started DXB and hope to fly into more int'l destinations soon!
i hope paramount and go do get more a/c's so that more and more ppl get employment..as for the incident at IXB...10 million for a wing tip damage sounds preposterous ( a new 320 costs 50 -60 million i thought!)...
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@ Above- Love your job!!
Ok From What I hear Scor.. VP- was Forced to resign because of his spat with SVP. (No names)
Sankhya has failed Miserably To regularize training flights in roster. why does YOUR AIRLINE have 36 people in the rostering department and 19 in the training!!!
A330 Ops is on the verge on closing down.
And to top it all JET Konnect with seems to be the model Jet has opened to match KF Red's model just opened 125 Flights and seems to be going full. So what KFA Boasts of having 25.7% Passenger load in the month of may is going to go down the drain if they dont think and act up! which never seems to be the case with KFA Management.
My question is why KFA cant think faster, their networking department cant start the Middle east flight and sell like hot cakes like JET seems to be doing.. and rostering cannot match INDIGO's Roster. why??
Your loyalty in the airline maybe because you joined it from the begining but from what the market Hears and just what the market says (i say again) none of your employees including the transport driver is happy..
10mil For structural damage to the fuselage and to the wing i think is quite reasonable. The cracks seem to have traveled all the way to the rudder and tail!!
To Top it all Pilots are joining GOair seems to be more embarrassing for an airline.. when you think logically why would a pilot leave from a 77 Aircraft carrier who seems to have a passenger load of 25.7 of that of the market to an airline which has 7 functional aircraft's and a market share of 3%.
Numbers don't lie! If you are defending an airline which owes 8000crs in 4 years to everyone and cant seem to functional in a way to keep employees happy.. there just seems to be something wrong!
About 2 Months back there was a article in Banglore (My beautiful city) which was in detail talking about these same simple facts. If anyone is able to get hold of it.. It would be gr8
BePostive and Fly safe!
Sankhya has failed Miserably To regularize training flights in roster. why does YOUR AIRLINE have 36 people in the rostering department and 19 in the training!!!
A330 Ops is on the verge on closing down.
And to top it all JET Konnect with seems to be the model Jet has opened to match KF Red's model just opened 125 Flights and seems to be going full. So what KFA Boasts of having 25.7% Passenger load in the month of may is going to go down the drain if they dont think and act up! which never seems to be the case with KFA Management.
My question is why KFA cant think faster, their networking department cant start the Middle east flight and sell like hot cakes like JET seems to be doing.. and rostering cannot match INDIGO's Roster. why??
Your loyalty in the airline maybe because you joined it from the begining but from what the market Hears and just what the market says (i say again) none of your employees including the transport driver is happy..
10mil For structural damage to the fuselage and to the wing i think is quite reasonable. The cracks seem to have traveled all the way to the rudder and tail!!
To Top it all Pilots are joining GOair seems to be more embarrassing for an airline.. when you think logically why would a pilot leave from a 77 Aircraft carrier who seems to have a passenger load of 25.7 of that of the market to an airline which has 7 functional aircraft's and a market share of 3%.
Numbers don't lie! If you are defending an airline which owes 8000crs in 4 years to everyone and cant seem to functional in a way to keep employees happy.. there just seems to be something wrong!
About 2 Months back there was a article in Banglore (My beautiful city) which was in detail talking about these same simple facts. If anyone is able to get hold of it.. It would be gr8
BePostive and Fly safe!
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i say again facts only please!
you seem to be part of KF yourself as you seem to know a lot...I will not dwell on that.
which airline is running smoothly?
who doesnt have debts?
why jet airways pilots wanted to leave for Qatar in droves? ( how jet managed to arm twist them back )
who says we employ 36 in Roster...
but the best is about the " cracks travelling all the way to the rudder....from the wing tip to the rudder......some imagination you have!
i rest my case...
which airline is running smoothly?
who doesnt have debts?
why jet airways pilots wanted to leave for Qatar in droves? ( how jet managed to arm twist them back )
who says we employ 36 in Roster...
but the best is about the " cracks travelling all the way to the rudder
....from the wing tip to the rudder......some imagination you have!i rest my case...
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Let this post sink in peace
i think its time to let the titanic rest in peace.
am moving to the "Phoenix" one for all matters KFR.
IMHO a bird name(mythical or otherwise) suits an airline better than a old ships.
am moving to the "Phoenix" one for all matters KFR.
IMHO a bird name(mythical or otherwise) suits an airline better than a old ships.
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Thanks 'Bepositive 1' for that excellent sum up of the latest at KFA. It sure is a lost cause but some believe in miracles and phoenixes and while others prefer to live in denial. For the sake of its many staff, we could only hope that a miracle would happen fast but there's too much that's rotten at the top and the mid range management.....pretty obvious to anyone with a brain.