Kingfisher rising like a phoenix
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The SIN-BOM route was supposed to be officially launched sometime in the middle or late of last year. Then it was postponed to Jan or Feb 09. And that was also a no-show.
Sep 09
, not really optimistic about it showing up, esp with the current economic climate.
Then again, there would be a kingfisher a/c landing in SIN. But it would be VJM a/c landing for the Singapore leg of the F1.
A kingfisher A320 was in town during the last F1 period.
Sep 09
, not really optimistic about it showing up, esp with the current economic climate.Then again, there would be a kingfisher a/c landing in SIN. But it would be VJM a/c landing for the Singapore leg of the F1.
A kingfisher A320 was in town during the last F1 period.
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Another indication of how business must be going for the "King of Good Times" is that the police and a bailiff turned up at Force India's trailer on Friday, prior to the German Grand Prix at Nürburgring, and demanded immediate settlement of some €800,000 in unpaid bills.
Bernie Ecclestone apparently settled the amount for them in order to avoid Force India's exclusion from the race as a result of their property being seized.
Bernie Ecclestone apparently settled the amount for them in order to avoid Force India's exclusion from the race as a result of their property being seized.
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& while we're at it.... BLR-CMB has been withdrawn, along with BLR-LHR.
Given the demise of the LHR route, I struggle to see which direction KF are heading. Good luck to all involved, but there really needs to be a radical shake up in the management at KF House.
PS... Have KF settled their hotel & fuel bills as yet?
Given the demise of the LHR route, I struggle to see which direction KF are heading. Good luck to all involved, but there really needs to be a radical shake up in the management at KF House.
PS... Have KF settled their hotel & fuel bills as yet?
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The playboy kid at it again!
I see VJM is at his favourite playground again, his 319 parked up in its usual spot in Nice!
Obviously just not taking things seriously at all!
Good luck chaps!
Ps when does the BLR - LHR route finish, and whats happening to the crews?
Obviously just not taking things seriously at all!
Good luck chaps!
Ps when does the BLR - LHR route finish, and whats happening to the crews?
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Apparently only
BLR-LHR finishes on 15-sep 09
And
BOM-HKG and BOM SIN commence at the time.
Also DEL LHR likely to start as well.
Ergo the crew stay hopefully
BLR-LHR finishes on 15-sep 09
And
BOM-HKG and BOM SIN commence at the time.
Also DEL LHR likely to start as well.
Ergo the crew stay hopefully
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Kingfishers recent announcement of route changes leaves it open to being decimated by bigger and better run carriers.
Mr Mallya's airline does not have the sort of investor appeal he would have people believe and its only a matter of time before the UB brewery board get fed up with cross-subsidising this failed airline.
Mr Mallya's airline does not have the sort of investor appeal he would have people believe and its only a matter of time before the UB brewery board get fed up with cross-subsidising this failed airline.
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So someone has found another site for KFA bashing
While actual indicators of impending doom might make for rivetting reading...if not last ditch attempts at recovery .......this is more of the same old whining.
Let me get this straight...he made an error in ordering the 340s,however in having realised this error,he is now also wrong in disposing of them!
Unlike the case of Air India,KFA does clear outstanding bills,if perhaps a little behind and sometimes under threat of being denied further credit.....not a compleatly alien business "practice" in these trying economic conditions.
However the fact that KFA ows money to Jet is news to me,so looking forward to more info on that story soon..
Let me get this straight...he made an error in ordering the 340s,however in having realised this error,he is now also wrong in disposing of them!
Unlike the case of Air India,KFA does clear outstanding bills,if perhaps a little behind and sometimes under threat of being denied further credit.....not a compleatly alien business "practice" in these trying economic conditions.
However the fact that KFA ows money to Jet is news to me,so looking forward to more info on that story soon..
Last edited by leftseatview; 16th Jul 2009 at 15:36. Reason: typo
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KFA does clear outstanding bills
Source
Kingfisher owes oil PSUs Rs 950 cr
2009-07-16 17:59:23
Vijay Mallya-owned Kingfisher Airlines owes state-run oil companies over Rs 950 crore (Rs 9.50 billion) in unpaid fuel bills while financial crisis-hit NACIL has cleared almost two-thirds of its outstanding.
Kingfisher Airlines owned Rs 1,030.08 crore (Rs 10.30 billion) in unpaid bills for buying jet fuel from Indian Oil , Bharat Petroleum and Hindustan Petroleum on December 31, 2008. It stood at Rs 950.46 crore (Rs 9.504 billion) as on May 31, 2009, Petroleum Minister Murli Deora said in a written reply in Lok Sabha.
On the other hand, National Aviation Company India Ltd (NACIL),which operates the merged state carriers Air India and Indian Airlines, has reduced its outstanding from Rs 1,311.91 crore (Rs 13.119 billion) to Rs 472.93 crore (Rs 4.729 billion).
Jet Airways has reduced outstanding from Rs 1,266.21 crore (Rs 12.662 billion) to Rs 760.07 crore (Rs 7.60 billion), Deora said.
Kingfisher owned most to HPCL , with its unpaid fuel bill running into Rs 598.78 crore (Rs 5.987 billion). It owed HPCL Rs 523.34 crore (Rs 5.233 billion) on December 31, 2008. Kingfisher also owned BPCL Rs 314.32 crore (Rs 3.143 billion) and another Rs 37.36 crore (Rs 373.6 million) to IOC.
NACIL reduced its outstanding towards IOC from Rs 877.13 crore (Rs 8.771 billion) to Rs 307.49 crore (Rs 3.074 billion) while that towards BPCL came down to Rs 91.56 crore (Rs 915.6 million) from Rs 250.43 crore (Rs 2.504 billion). It owned HPCL Rs 73.88 crore (Rs 738.8 million), down from Rs 184.35 crore (Rs 1.843 billion), Deora said.
In case airlines fail to pay their dues, they are put on 'cash and carry' (pay cash to buy fuel) and interest is recovered on all overdue payments, he said.
Deora said Jet Airways had reduced its outstanding towards IOC from Rs 1,053.08 crore (Rs 10.53 billion) to Rs 644.96 crore (Rs 6.449 billion). while that towards BPCL to Rs 111.77 crore (Rs 1.117 billion) from Rs 210.46 crore (Rs 2.104 billion).
Besides the three airlines, Paramount Airways owed Rs 25.82 crore (Rs 258.2 million) to oil companies and Spice Jet Rs 16.24 crore (Rs 162.4 million).
"As on December 31, 2008 and May 31, 2009, five airlines owned Rs 3,658.06 crore (Rs 36.58 billion) and Rs 2,225.52 crore (Rs 22.25 billion), respectively, to oil companies," he said.
"The issue of outstanding dues was also taken up with the ministry of civil aviation which advised the airlines to clear their outstanding dues promptly," he added.
2009-07-16 17:59:23
Vijay Mallya-owned Kingfisher Airlines owes state-run oil companies over Rs 950 crore (Rs 9.50 billion) in unpaid fuel bills while financial crisis-hit NACIL has cleared almost two-thirds of its outstanding.
Kingfisher Airlines owned Rs 1,030.08 crore (Rs 10.30 billion) in unpaid bills for buying jet fuel from Indian Oil , Bharat Petroleum and Hindustan Petroleum on December 31, 2008. It stood at Rs 950.46 crore (Rs 9.504 billion) as on May 31, 2009, Petroleum Minister Murli Deora said in a written reply in Lok Sabha.
On the other hand, National Aviation Company India Ltd (NACIL),which operates the merged state carriers Air India and Indian Airlines, has reduced its outstanding from Rs 1,311.91 crore (Rs 13.119 billion) to Rs 472.93 crore (Rs 4.729 billion).
Jet Airways has reduced outstanding from Rs 1,266.21 crore (Rs 12.662 billion) to Rs 760.07 crore (Rs 7.60 billion), Deora said.
Kingfisher owned most to HPCL , with its unpaid fuel bill running into Rs 598.78 crore (Rs 5.987 billion). It owed HPCL Rs 523.34 crore (Rs 5.233 billion) on December 31, 2008. Kingfisher also owned BPCL Rs 314.32 crore (Rs 3.143 billion) and another Rs 37.36 crore (Rs 373.6 million) to IOC.
NACIL reduced its outstanding towards IOC from Rs 877.13 crore (Rs 8.771 billion) to Rs 307.49 crore (Rs 3.074 billion) while that towards BPCL came down to Rs 91.56 crore (Rs 915.6 million) from Rs 250.43 crore (Rs 2.504 billion). It owned HPCL Rs 73.88 crore (Rs 738.8 million), down from Rs 184.35 crore (Rs 1.843 billion), Deora said.
In case airlines fail to pay their dues, they are put on 'cash and carry' (pay cash to buy fuel) and interest is recovered on all overdue payments, he said.
Deora said Jet Airways had reduced its outstanding towards IOC from Rs 1,053.08 crore (Rs 10.53 billion) to Rs 644.96 crore (Rs 6.449 billion). while that towards BPCL to Rs 111.77 crore (Rs 1.117 billion) from Rs 210.46 crore (Rs 2.104 billion).
Besides the three airlines, Paramount Airways owed Rs 25.82 crore (Rs 258.2 million) to oil companies and Spice Jet Rs 16.24 crore (Rs 162.4 million).
"As on December 31, 2008 and May 31, 2009, five airlines owned Rs 3,658.06 crore (Rs 36.58 billion) and Rs 2,225.52 crore (Rs 22.25 billion), respectively, to oil companies," he said.
"The issue of outstanding dues was also taken up with the ministry of civil aviation which advised the airlines to clear their outstanding dues promptly," he added.
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KFA- a mess
Interesting how he keeps piling up debt.
Even if he does start to SIN and HK- not up on the site as yet- and its already end July, anybody know what aircraft he's using?
hear arik air deal for 2 more A330s did not work out.
Even if he does start to SIN and HK- not up on the site as yet- and its already end July, anybody know what aircraft he's using?
hear arik air deal for 2 more A330s did not work out.
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BOM to HK & SIN 330 as per
http://avindia.*************/2009/07...es-hk-not.html
Tuesday, July 14, 2009
Kingfisher Airlines Includes HK, Not China, In Expansion Plans
Kingfisher Airlines, which markets itself as "India’s premier five star airline," has included flight services to Hong Kong - but not to mainland China - in its newly announced international route expansion plans.
From September, Kingfisher plans to launch two new flights, between Mumbai–Singapore and Mumbai–Hong Kong. Both services will be daily direct return flights using the new Airbus A330-200 aircraft.
Kingfisher Airlines has applied for approval from the Indian Ministry of Civil Aviation to start flights between New Delhi–London, which would be its first international flights out of New Delhi.
14/07/09 Gary Bowerman/BizChinaUpdate
| To Read the News in Full | PermaLink |
http://avindia.*************/2009/07...es-hk-not.html
Tuesday, July 14, 2009
Kingfisher Airlines Includes HK, Not China, In Expansion Plans
Kingfisher Airlines, which markets itself as "India’s premier five star airline," has included flight services to Hong Kong - but not to mainland China - in its newly announced international route expansion plans.
From September, Kingfisher plans to launch two new flights, between Mumbai–Singapore and Mumbai–Hong Kong. Both services will be daily direct return flights using the new Airbus A330-200 aircraft.
Kingfisher Airlines has applied for approval from the Indian Ministry of Civil Aviation to start flights between New Delhi–London, which would be its first international flights out of New Delhi.
14/07/09 Gary Bowerman/BizChinaUpdate
| To Read the News in Full | PermaLink |
Last edited by condorbaaz; 21st Jul 2009 at 02:49. Reason: url incorrect
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Kingfisher Airlines posts FY09 loss, issues pay delay warning to staff
Good luck to the folks at Kingfisher Airlines:
Kingfisher Airlines posts FY09 loss, issues pay delay warning to sta
AGENCIES 29 July 2009, 11:47am IST MUMBAI: Private carrier Kingfisher Airlines Ltd said on Wednesday it posted a net loss of 16.09 billion rupees on net sales of 52.7 billion rupees for the year-ended March 31, 2009. Year-ago figures were not immediately available.
The airlines warned its 6000 employees of delay in salary.
In an email sent, Hitesh Patel, executive vice-president, Kingfisher Airlines, wrote, "Along with all other airlines, we are in a tight situation regarding finances. You can expect to be in embarrassing situations with our vendors; your salaries may be delayed but never beyond the 7th."
Kingfisher Airlines posts FY09 loss, issues pay delay warning to sta
AGENCIES 29 July 2009, 11:47am IST MUMBAI: Private carrier Kingfisher Airlines Ltd said on Wednesday it posted a net loss of 16.09 billion rupees on net sales of 52.7 billion rupees for the year-ended March 31, 2009. Year-ago figures were not immediately available.
The airlines warned its 6000 employees of delay in salary.
In an email sent, Hitesh Patel, executive vice-president, Kingfisher Airlines, wrote, "Along with all other airlines, we are in a tight situation regarding finances. You can expect to be in embarrassing situations with our vendors; your salaries may be delayed but never beyond the 7th."
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The Demise
Laugh all you want, in the end there will be 6000 qualified people looking for jobs, maybe even your jobs............... Market economic guys, cost of labor will come down and all flyboys might need to take a paycut.
Lets see which politician comes forward to protect 6000 jobs this time!
Buying Gopi was a bad bad move. Should have let him crash and burn and then picked up the equipment for scrap value. He would have been the first airline to close
Lets see which politician comes forward to protect 6000 jobs this time!
Buying Gopi was a bad bad move. Should have let him crash and burn and then picked up the equipment for scrap value. He would have been the first airline to close
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Hey, didn't someone speak of expansion plans the other day? Looks like no one knows where they are heading..........well, they never knew that from DAY ONE did they???..........blind management leading the not so blind, mate?!
So it appears that the phoenix is SINKING faster that the Titanic these days? That's why there were so many posts asking a few on this thread NOT TO live in denial and dismiss those who spoke facts and figures.........truely feel for the staff who may have done all they could to keep it afloat..........no sympathy to the top bosses who robbed VJM and the staff.
No sympathy for VJM who chose to go on an ego trip and gambled recklessly on the careers of many......
So it appears that the phoenix is SINKING faster that the Titanic these days? That's why there were so many posts asking a few on this thread NOT TO live in denial and dismiss those who spoke facts and figures.........truely feel for the staff who may have done all they could to keep it afloat..........no sympathy to the top bosses who robbed VJM and the staff.
No sympathy for VJM who chose to go on an ego trip and gambled recklessly on the careers of many......
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well KFA has 75% of its fleet as low cost ,load factor more than 70%,half of the fleet is ATR(break even of just 12 pax per sector).
If rest of the low cost are doing great than so is KFA ,infact better than everyone.This is just a ploy by VJM and band of brothers JET to project a loss so the govt. caves in to allow foriegn ownership or partnership.Remember early bird gets the worm.only 2 private players flying abroad........
If rest of the low cost are doing great than so is KFA ,infact better than everyone.This is just a ploy by VJM and band of brothers JET to project a loss so the govt. caves in to allow foriegn ownership or partnership.Remember early bird gets the worm.only 2 private players flying abroad........