Kingfisher floating like a Frog
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They seem to have got a breather from Banks and Lenders for 2 years..
Provided pilots don't leave in droves.
A colleague says that the indian pilots now have a retention or a service bonus if they have served for 5 yrs as commander.
Provided pilots don't leave in droves.
A colleague says that the indian pilots now have a retention or a service bonus if they have served for 5 yrs as commander.
Join Date: Aug 2010
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bad news
well it seems my statement awhile back about them not ever robbing any ex-pat was wrong, i had served my 20 weeks and am due six weeks leave, now this would have brought me to the day when my "loyalty bonus" is due. just got word that they will not pay me either leave or bonus
eventhough they(the HR dept) wrote a email saying that they would.
bad scene, however i have appealed to upper management so lets see.
eventhough they(the HR dept) wrote a email saying that they would.bad scene, however i have appealed to upper management so lets see.
Join Date: May 2009
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VJ once said all he needs to do is increase the beer price by 5 inr`s and KFA `s debt would disappear.
There are so many brands of beer looking to enter the market, an increase in INR 5 may lead the beer brand loose market, let alone saving the KFA from debt.. besides attracting attention from Monopolized and Restrictive Trade Practices Commision.
New Kingfisher Airlines Ceo
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Although the questions I had asked in Post #37 were never quite answered, but one of the Answers sited the CEO as a missing link.
Now since a CEO is in Place, where do we see thing's going ?
Besides, I hear the then CEO of Spice Jet did quite good for the Airline. If that was the case, Jumping onto a Sinking Ship (As every one here mention's).
Should we call it a dare display of Heroics, Or plain understanding of what's wrong with Kingfisher Model ?
Now since a CEO is in Place, where do we see thing's going ?
Besides, I hear the then CEO of Spice Jet did quite good for the Airline. If that was the case, Jumping onto a Sinking Ship (As every one here mention's).
Should we call it a dare display of Heroics, Or plain understanding of what's wrong with Kingfisher Model ?
Join Date: Jul 2008
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Silent scream
The COO coming on board is a mix of many reasons
1. he was fired from spice by the new owners
2. All entities have stated that the lack of a CEO will affect any financing.
3. The current lot of leadership is mainly sycophants who are looking for quick personal gains rather than the good of airline. In five years, the downsizing company has renamed and promoted all the "department head" to "General Manager" to "Additional Vice president" to "Vice President" to "Executive Vice President". No amount of Nomenclature change can change the efficiency of persons involved.VJM realized this and knew a change was required at the top without upsetting the investors.
4.
As regards Post 37.
In almost all airlines, Cabin Crew are Operational Personnel, who will also take care of some Pax Service. IN KF CC are "Guest Service Personnel" who are deputed for Operations.
This has led to a distortion in which anything and everything a "Guest wants" must be provided etc. This as per VJM.
However, the section heads, VPs et al. get paid a bonus as a %age of costs being cut and hence the large scale reduction in service.
If the outflow is more than input, then a company will make loss.
In KF the passenger is called a Guest and treated like a guest in Mallayas Home, as per the welcome video in the ac.
What he gets is more than what he pays and hence the company makes a loss.
hope tis answers you else pm me.
It is as simple as that.
The COO coming on board is a mix of many reasons
1. he was fired from spice by the new owners
2. All entities have stated that the lack of a CEO will affect any financing.
3. The current lot of leadership is mainly sycophants who are looking for quick personal gains rather than the good of airline. In five years, the downsizing company has renamed and promoted all the "department head" to "General Manager" to "Additional Vice president" to "Vice President" to "Executive Vice President". No amount of Nomenclature change can change the efficiency of persons involved.VJM realized this and knew a change was required at the top without upsetting the investors.
4.
As regards Post 37.
In almost all airlines, Cabin Crew are Operational Personnel, who will also take care of some Pax Service. IN KF CC are "Guest Service Personnel" who are deputed for Operations.
This has led to a distortion in which anything and everything a "Guest wants" must be provided etc. This as per VJM.
However, the section heads, VPs et al. get paid a bonus as a %age of costs being cut and hence the large scale reduction in service.
If the outflow is more than input, then a company will make loss.
In KF the passenger is called a Guest and treated like a guest in Mallayas Home, as per the welcome video in the ac.
What he gets is more than what he pays and hence the company makes a loss.
hope tis answers you else pm me.
It is as simple as that.
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@condorbaaz, Thanks for your time and effort in trying to explain things.
So since the present staff is not particularly competent, and VJM knows about it, So the media news about 300 layoff's might include some Management Level players ?
So I guess it is as simple as that. Customer pay's less, Get's More. Management makes the Money,
And in return, KF Investor's get burnt.
I am mostly interested in the KF present because looking at the way their Pilots are leaving, there might be some place for us freshers.
So since the present staff is not particularly competent, and VJM knows about it, So the media news about 300 layoff's might include some Management Level players ?
So I guess it is as simple as that. Customer pay's less, Get's More. Management makes the Money,
And in return, KF Investor's get burnt.
I am mostly interested in the KF present because looking at the way their Pilots are leaving, there might be some place for us freshers.
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just finished flying for them for 3 years, its simple really, the HR department is dishonest, you can`t believe a thing they say even in writing, Mallya just keeps pressuring the UB group to pour more and more money into the hole, the banks seem to think once UB is involved they will be fine but the day is fast approaching when UBwill have had enough , when that happenings the banks will be scrambling to get out, how can an airline which had 87 planes and now has less than 55 ever hope to recoup the losses they made when they had 87, plus they have lost over 400 million this year alone,
---would you invest in them??
---would you invest in them??
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silent scream...
Final nail in the coffin. All promoters shares are pledged to the banks. The banks now call the shot and not the mgmt of KF as per
http://www.google.com/url?url=http:/...F_d2eEnw4cWSOA
Final nail in the coffin. All promoters shares are pledged to the banks. The banks now call the shot and not the mgmt of KF as per
http://www.google.com/url?url=http:/...F_d2eEnw4cWSOA
Thread Starter
Join Date: Mar 2008
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Well boys hate to tell you this but " I told you so ! ".For all those of you who took my advice and bailed out in time , good for you.For all those of you who still want to sit in that sinking ship and still hope to sail again , dream on.Jump when you have the chance.The present scenario was there on the wall , very few saw it.My advice to my brother aviators , I've been around long enough and I know the business pretty well.Be careful who you work for , always choose the right company , look out for guys like Capt.Gopinath , Dr. Mallya , Datok Tony Fernandes et al.There's a lot of hype about these guys and they have fancy titles but on the inside they are just full of **** , looking to make a quick buck at your expense.Emirates , SIA , Qatar are the places you wanna be , Etihad once Mr.Hogan has left.Best of luck to all of you comrades
